Company profile
Berendina Micro Investments Company Limited
- Industry
- Financial Services
- Employees
- 104
- Headquarters
- Nawala, Western
- LinkedIn followers
- 1,440
- Office locations
- 1
Berendina Micro Investments Company Limited company summary
Berendina Micro Investments Company Limited is a company in the Financial Services industry, headquartered in Nawala, Western. On LinkedIn the company has around 104 employees and 1,440 followers. Its listed specialties include Micro Finance, Enterprise Development Services, Green Micro Finance, Empowerment, Savings.
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About Berendina Micro Investments Company Limited
Berendina Micro Investments Company Limited well known as BMIC, is the first licensed microfinance company under the Microfinance Act No.6 of 2016 of the Central Bank of Sri Lanka established in order to provide Microfinance services to the rural and plantation communities in Sri Lanka. BMIC operates and expands its operation in to high poverty districts in the country and covering the villages irrespective of population density, difficulties in access to village such as distance from the town center etc. This remarkable feature ensures BMIC is not a profit driven establishment and the underprivileged and marginalized communities have access to BMIC services irrespective of whether they live in isolated or remote villages with difficulties to access finance. With an outstanding loan portfolio over Rs. 5 Billion, BMIC currently has 35 branches in 13 districts with a total clientele well over 89,000. BMIC disburse small sized, medium-tenured loans to low income families (clients). While comparing to all financial and non-governmental organizations, BMIC’s loans come with the low interest rates in the market except the Government funded programs. BMIC selects clients under a strict criterion based on the Poverty Probability Index (PPI) as well as the “per head family income” indicators, who need assistance and loans for a variety of purposes including development of micro enterprises, agriculture, livestock and construction and renovation of houses. BMIC also provides enterprise development loans and individuals loans based on the need of the client. BMIC also encourages saving habit among its clients and provide savings account facilities through its branches. The credit plus component of BMIC, the Enterprise Development Services which is identified as EDS, focus on providing a wide spectrum of skills including technical, business management, financial literacy and leadership trainings.
Specialties
Where is Berendina Micro Investments Company Limited located?
Berendina Micro Investments Company Limited lists 1 location.
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Frequently asked questions about Berendina Micro Investments Company Limited
What does Berendina Micro Investments Company Limited do?
Berendina Micro Investments Company Limited well known as BMIC, is the first licensed microfinance company under the Microfinance Act No.6 of 2016 of the Central Bank of Sri Lanka established in order to provide Microfinance services to the rural and plantation communities in Sri Lanka. BMIC operates and expands its operation in to high poverty districts in the country and covering the villages irrespective of population density, difficulties in access to village such as distance from the town center etc. This remarkable feature ensures BMIC is not a profit driven establishment and the underprivileged and marginalized communities have access to BMIC services irrespective of whether they live in isolated or remote villages with difficulties to access finance. With an outstanding loan portfolio over Rs. 5 Billion, BMIC currently has 35 branches in 13 districts with a total clientele well over 89,000. BMIC disburse small sized, medium-tenured loans to low income families (clients). While comparing to all financial and non-governmental organizations, BMIC’s loans come with the low interest rates in the market except the Government funded programs. BMIC selects clients under a strict criterion based on the Poverty Probability Index (PPI) as well as the “per head family income” indicators, who need assistance and loans for a variety of purposes including development of micro enterprises, agriculture, livestock and construction and renovation of houses. BMIC also provides enterprise development loans and individuals loans based on the need of the client. BMIC also encourages saving habit among its clients and provide savings account facilities through its branches. The credit plus component of BMIC, the Enterprise Development Services which is identified as EDS, focus on providing a wide spectrum of skills including technical, business management, financial literacy and leadership trainings.
How many employees does Berendina Micro Investments Company Limited have?
Berendina Micro Investments Company Limited has around 104 employees on LinkedIn.
Where is Berendina Micro Investments Company Limited headquartered?
Berendina Micro Investments Company Limited is headquartered in Nawala, Western.
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