If society members require financial assistance in the importing / exporting of goods for business purposes, a tailor made loan facility has been introduced to empower members through their respective cooperative / society, and support them in their endeavor to contribute to the national economy.
FEATURES AND BENEFITS
- Repayment period of 1 year at prevailing interest rates, with a 3-month grace period
- Repayment can be made monthly, or as a bullet repayment
- Loan amount depends on the capacity of the society
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