Sri Lanka: SRI: LOAN TO COMMERCIAL LEASING COMPANY LIMITED

Nonsovereign Project | 41947-014

Summary

The ADB assistance is a direct loan of up to $7.5 million to Commercial Leasing Company Ltd. (CLC). The loan was used for providing leasing facilities to small and medium-sized companies, especially to support business in rural areas in Sri Lanka.

Latest Project Documents

Title Document Date
Loan to Commercial Leasing Company Limited Oct 2013

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Project Name SRI: LOAN TO COMMERCIAL LEASING COMPANY LIMITED
Project Number 41947-014
Borrower/Company
Country Sri Lanka
Location Sri Lanka
Approval Number 7269/2370
Type or Modality of Assistance
7269/2370 Loan US$ 7.50 million Approved
Strategic Agendas
Drivers of Change
Sector / Subsector Finance - Small and medium enterprise finance and leasing
Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Monisha A. Hermans
Project Sponsor(s)
Description The ADB assistance is a direct loan of up to $7.5 million to Commercial Leasing Company Ltd. (CLC). The loan was used for providing leasing facilities to small and medium-sized companies, especially to support business in rural areas in Sri Lanka.
Objectives and Scope The ADB assistance has strengthened the leasing industry further and provided funding resources and financial services to the SME sector in Sri Lanka. The loan to Commercial Leasing Co. Ltd. (CLC) has provided access to long-term funds and thereby enabled them to promote alternative financing instruments to SME entrepreneurs to promote their operations, increase profitability and enhance their competitiveness.
Linkage to Country/Regional Strategy
Safeguard Categories
Environment FI
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 16 Aug 2007
Due Diligence 14 Sep 2007
Credit Committee Meeting 04 Oct 2007
Approval 23 Nov 2007
Last PDS Update 16 Sep 2014
Title Document Type Document Date
Loan to Commercial Leasing Company Limited Extended Annual Review Reports Oct 2013

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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