COMMERCIAL LEASING AND FINANCE LTD
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 with a strong focus on MSME financing. CLC‘s main product lines are loans, leases and factoring. The company is supported by an experienced senior management team and an entrepreneurial and strong LOLC group.
What is our funding objective?
Further professionalization of CLC’s organization is a key driver of the next growth phase. In parallel to the syndicated loan transaction, FMO – in partnership with other lenders in the syndicate – supports CLC with a tailored technical assistance (TA) program enabling sustainable growth and inclusive outreach of the organisation.
Why do we fund this investment?
CLC’s services strengthen small businesses and entrepreneurship in Sri Lanka and is an important basis for sustainable economic development and lasting improvement of people’s living conditions in Sri Lanka. Along with FMO’s financial services, the TA program promotes the transfer of knowledge and skills to our client needed to develop itself and accelerate the impact of its activities.
More investments
| Date | Total FMO financing |
|---|---|
| 9/14/2021 | USD 14.20 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
- 9/21/2016
- End date
- 6/19/2019
- Total FMO financing
- EUR 0.04 MLN
- Funding
- FMO NV
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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