Sri Lanka’s fastest growing commercial bank, Pan Asia Banking Corporation PLC’s ‘Saviya’ Microfinance loan scheme is designed to assist development of livelihood for prospective entrepreneurs who remain largely overlooked by the mainstream conventional banking. “Our belief that in Sri Lanka’s economic growth story, there is a pivotal role to be played by small enterprises engaged in industries such as agriculture, livestock development, fisheries, and other small enterprises. As such, it is our duty and responsibility as a successful local bank to empower small scale entrepreneurs by making credit facilities available to them at their hour of need,” said Naleen Edirisinghe, DGM Retail Banking and SME of Pan Asia Bank.
We grant this special loan scheme, bringing credit, savings and other essential financial services within the reach of millions of people who still remain overlooked by most financial institutions, due to their inability to offer sufficient collateral.
This void prompted Pan Asia Bank to venture out to serve this segment of population in Sri Lanka by providing credit facilities based primarily on the bank’s evaluation of the applicant’s vocation and its confidence in the success of the enterprise rather than the collateral.