VisionFund Lanka provides client-centric
microfinance loans that are guaranteed by groups within the community, and
monitored by VFL’s loan officers.
Agriculture and Business loans make up the majority
of loans obtained by clients, with education, housing, dairy, water and
sanitation also included in the portfolio.
These loans are given to clients alongside the main loans, for child
education and housing development.
Child Education Loan –Sisudiriya (Student
Loans are sought out to buy books, uniforms, shoes and to pay school
fees at the beginning of each academic year. VFL introduced a loan product with
an affordable repayment mechanism, enabling parents to fulfill their
children’s education related needs without having to borrow from multiple sources.
Loan –Sanasuma (Relief)
With the objective of providing improved living conditions for the
children of our clients, VFL introduced the ‘Sanasuma’ Loan. This Parallel Loan
acts as an incentive, for our most loyal clients.
INTEGRATED PROJECT LOANS
These loans are provided to clients as a result of
collaborative projects with World Vision Lanka (WVL).
PROFEED - Promoting Farming
Enterprises in Dairy
This project promotes rural dairy farming enterprises. WVL provides the
technical know-how and skills development training equipping farmers with the
knowledge to efficiently run a hygienic dairy farm. VFL steps in at this
juncture to provide the financial support to purchase cattle or
renovate/construct a cattle shed.
RIWASH - Rural Integrated Water,
Sanitation and Hygiene
Building Roofs for Families
An integrated project with WVL, Wattawalla Plantations and VFL, the
project aims to provide better living facilities for up-country plantation
communities. Wattawalla Plantations provides the land, while WVL builds the
house and VFL provides a loan to put up the roof. To ensure that the
repayment installments are not burdensome to clients, an extended repayment
period is given.
Shop owners are provided with a loan to purchase goods related to
sanitation, thereby increasing access to instruments that enable plantation
communities to maintain better sanitary standards.