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PROPARCO has just allocated a USD 60m credit line to Hatton National Bank to finance loans for small and medium-sized enterprises in Sri Lanka. At least half of this credit line will be earmarked to finance SMEs in rural provinces which suffer because they find it harder to access banking services.
Published on 27 Oct 2020
Page Grand Angle
Business acumen and social commitment as keys to success
SRI L ANK A — MA’s Foods, a processed foods manufacturer whose specialities are spices and coconut derivatives, has made a name for itself over the past three decades, not only in its home market Sri Lanka, but also abroad – in countries ranging from Japan to the Netherlands.
Published on 11 Dec 2017
The Sri Lankan company MA’s Food was founded in 1986 and specialises in producing foods using spices and coconut. The company sources its food locally, preferably from smallholders whom it helps to adopt responsible farming practices, and employs at least 50% of women, many of them in management positions. In 2016, the Indian-based management fund Aavishkar – of which Proparco is a shareholder – invested 2 million dollars in MA’s food to enable it to continue to grow its business.
Published in September 2017
Proparco has just granted a €20 million loan to DFCC Bank Limited, a privately-owned Sri-Lankan bank. This type of long-term finance which is very difficult to obtain on the domestic market, will help finance renewable energy projects and improve access to credit for the SMEs that constitute one of the country’s main growth engines.
Published on 21 Jul 2017
PROPARCO, a subsidiary of Agence Française de Développement (AFD) dedicated to private sector financing, is supporting a major player in financing Sri Lankan small and medium-sized enterprises through a USD 25m loan allocated to Commercial Bank of Ceylon (CBC), the leading private bank in Sri Lanka.
Published on 14 Oct 2019
Published on 30 Nov 2017