What is it?
Under the leadership of Past International President, Lion Mahendra Amarasuriya, the Lanka Lions Foundation initiated a Micro Loan scheme in December 2012 to assist ‘the economically active poor’ including micro entrepreneurs who are unable to avail themselves of credit facilities from other formal sources, to obtain micro loans through the Lions Clubs in the Multiple District 306.
The funds in the Lanka Lions Foundation comprises of donations made by nearly 3,200 Lions, which has been matched Rupee for Rupee, up to Five million rupees by the Settlor of the Foundation, Past International President Lion Mahendra Amarasuriya, which indeed makes The Lanka Lions Foundation unique.
Current Fund Rs 70 Million
We have granted 2,625 loans amounting to Rs. 86,431,345 as at 29th February 2024 among
2,316 loan recipients who have been recommended by 175 Clubs, from all 06 Districts of the Multiple District 306.
Current Loan Portfolio stands at Rs 9,063,395
- 2,179 loans have been settled in full.
- 165 loan recipients have been granted their 02nd loan.
- 41 recipients have been granted their 03rd loan .
- 15 recipients have been granted their 04th loan.
- 4 recipients have been granted their 05th loan.
Gender of loan recipients
1,683 females and 620 males have obtained loans from us.
Purposes for which loan for granted
We have provided 2,391 loans for Income generating activities, 189 loans for House repairs and renovations and 45 loans for Education purposes.
The administration of this loans scheme has been outsourced to a Micro Credit Specialist, who has extensive expertise in the field of Micro Credit, who administers the project for and on behalf of the Foundation for a fee. Hence while the Foundation will grant the loans on an Interest free basis to the applicants, a fee of 10% of the loan amount is charged from all loan applicants as an Administration fee. However, the First 150 loans were granted without charging a service fee.The funds in the Lanka Lions Foundation comprises of donations made by nearly 3,300 Lions, which has been matched Rupee for Rupee, up to Five million rupees by the Settlor of the Foundation, Past International President Lion Mahendra Amarasuriya, which indeed makes The Lanka Lions Foundation unique.
- The opportunity to assist poor and marginalized people to increase their income or improve their standard of living by granting them a loan from the Foundation, WITHOUT spending personal funds.
- As the fund is exclusively for Lions and Lion Ladies, top priority is assured without delays and red tape.
- The ability to continue granting loans to the deserving poor, as the foundation has revolving funds
The second is that loans will be granted with minimum documentation and inconvenience to loan applicants.
The third will be that, with the on time repayment of loans, loan recipients will qualify for larger loans.
05 basic documents that are mandatory.
- 03 copies of a recent photograph (postal I.D. or passport size) of the borrower.
- A photograph of the loan applicant and the Lion /Lion Lady recommending the loan at the business premises of the applicant.
- The Grama Niladhari’s certificate confirming the applicant’s residency as permanent.
- A photocopy of the applicant’s NIC.
- A photocopy of the Guarantor’s NIC.
Photo Gallery
For Details Please Contact
Mr. Lasantha Mendis
118/3, Buthgamuwa Road,
Kotuwegoda, Rajagiriya.
MONDAY - FRIDAY
10:00 - 17:00
SATURDAY - SUNDAY
Closed
For details please contact the Process Consultant, Mr Lasantha Mendis on weekdays from 10.00am to 6.00pm and could be reached on 0772497739 or mendis.lasantha@gmail .com