USAID Improves Financial Access in Eastern Sri Lanka

    The U.S. Agency for International Development tapped Lanka Orix Leasing Company with a USD5 million portable guarantee agreement to help provide new financial instruments and leverage extra private funding in conflict-torn communities of eastern Sri Lanka. “USAID believes that this agreement will help LOLC to expand its agriculture and microfinance lending while benefiting eastern businesses, which would be able to access micro loans or leasing at a reasonable interest,” said USAID Mission Director Rebecca during the signing ceremony. (“Agreement by USAID and LOLC to benefit farmers and small businesses in eastern Sri Lanka” - Colombo Page, Sept. 26, 2008)

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