COMMERCIAL LEASING AND FINANCE PLC
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Commercial Leasing and Finance (CLC) is a subsidiary of the LOLC group focusing on MSME financing. CLCs main product lines are loans, leases and factoring. The company is supported by an experienced senior management team and an entrepreneurial and strong group. In 2014 CLC acquired a 94 percent stake in micro finance company BRAC Lanka as they want to service the whole client range from Micro to small and medium-sized enterprises (SMEs).
What is our funding objective?
The group wants to attract additional liquidity from foreign investors as local banks have limitations due to group limits. The proposed syndicated transaction will be used to support the company’s growth plans and free capacity for short-term local debt and thereby strengthening its funding base with longer tenors.
Why do we fund this investment?
FMO is interested in financing CLC because of its strong focus on the MSME sector. FMOs strategy is focused on job creation and strengthening of small businesses. MSMEs are considered an important backbone for economic growth of Sri Lanka's economy.
More investments
| Date | Total FMO financing |
|---|---|
| 6/19/2019 | EUR 0.04 MLN |
| 9/14/2021 | USD 20.00 MLN |
| 9/25/2020 | USD 16.00 MLN |
- Website customer/investment
- http://www.clc.lk
- Region
- Asia
- Country
- Sri Lanka
- Sector
- Financial Institutions
- Effective date
- 2/23/2016
- End date
- 9/14/2021
- Total FMO financing
- USD 14.20 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B