This loan is specially designed for society upgrades in terms of image building, interior upgrades such as office furniture and computer systems, capacity building and upgrading of managerial and technical skills of society staff, or the management and implementation of projects by way of consultancy to acquire quality assurance certifications.
FEATURES AND BENEFITS
- Loans of up to 10% of total assets held by the cooperative
- Loan amount of up to Rs. 20 million with no collateral, subject to the Board Credit Committee and Board of Directors’ approval
- Repayment period up to 3 years
Eligibility
- SANASA Societies, Multi-Purpose Cooperative Societies, other cooperatives and registered societies may apply for this loan
- Suitable collateral will be required to mitigate risk on a case by case basis
Required Documentation
- A duly filled loan application
- Society Mandate
- Society Registration Certificate
- Copy of the Memorandum and Articles of the Society
- Certified copy of the resolution of the Board of Directors
- Society Declaration Form
- Signature Card
- No. 12. Edmonton Road
Kirulapone
Colombo 06
Sri Lanka. - 011 5411 411