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INDEPENDENT LOANS

Stand-alone loans that can be accompanied by parallel loans. These loans are guaranteed by groups within the community, and monitored by VFL’s loan officers.

 

 ATHWELA

balloon-type independent loan loan offered to assist paddy and agriculture farmers in their business. 

From Rs. 20,000 - Rs. 100,000 @ 32%  

 

SAVIYA

A non-balloon loan to assist agriculture farmers and businesses.

From Rs. 20,000 - Rs. 300,000 @ 21%   

 

SAUBHAGYA

An individual loan product for working capital and asset creation purposes for the growth and sustenance of businesses.

From Rs. 300,000 - Rs. 500,000 @ 21%  

 

SGB (Small and Growing Business)

A loan product for individuals who have outgrown microfinance  and are yet to integrate into the standard financial framework. 

From Rs. 300,000 - Rs. 750,000 @ 19%   

 

SHILPA (Educational Loan)

An independent loan offered to assist  loan  to assist children in their in higher level educational aspirations such as the payment of fees towards vocational training or diplomas and certificate courses

From Rs. 50,000 - Rs. 100,000 @ 19%  

 

 

PARALLEL LOANS

These loans are given to clients alongside the main loans, for child education and housing development.

 

SISUDIRIYA 

Loans to assist parents in buying 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 resort to borrowing from multiple sources.

From Rs. 5,000 - Rs. 15,000 @ 12%  

 

PRAGUNA

A loan (independent from the third loan cycle) to assist children in their in higher level educational aspirations such as the payment of fees towards vocational training or diplomas and certificate courses

From Rs. 20,000 - Rs. 100,000 @ 17% 

 

SANASUMA (Housing Improvement Loan)

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.

 

 ARISE - Financial Solutions Beyond Micro-Level

A VFL and World Vision Australia collaborated Small and Growing Business (SGB) project that provides financial solutions to borrowers who have gone beyond the micro-level and in the transitional stage between microfinance and formal financial solutions. The project is currently implemented in the North Western and Western provinces 

 

 HOMES NOT HOUSES - Financial Support for Development Projects

A VisionFund Lanka and Habitat for Humanity Sri Lanka project focused on ‘Building a Sustainable Future Together' aims to bridge the gap between relief, rehabilitation and development for resilient and secure communities in the North and East. . VFL overlooks the microfinance component in the provinces. 

  

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. 

 

Sanitation  

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.