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.
| Project Name | SRI: LOAN TO COMMERCIAL LEASING COMPANY LIMITED | ||||
| Project Number | 41947-014 | ||||
| Borrower/Company | COMMERCIAL LEASING COMPANY LIMITED |
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| Country | Sri Lanka |
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| Location | |||||
| Type or Modality of Assistance |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | |||||
| Sector / Subsector | Finance / Small and medium enterprise finance and leasing |
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| Gender Equity and Mainstreaming | |||||
| Responsible ADB Department | Private Sector Operations Department | ||||
| Responsible ADB Division | Private Sector Financial Institutions Division | ||||
| Responsible ADB Officer | Hermans, Monisha A. | ||||
| 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 |
| Credit Committee Meeting | 04 Oct 2007 |
| Approval | 23 Nov 2007 |
| Last PDS Update | 16 Sep 2014 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Loan to Commercial Leasing Company Limited | Extended Annual Review Reports | Oct 2013 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) 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.
Requests for information may also be directed to the InfoUnit.