COMMERCIAL LEASING AND FINANCE LTD
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Commercial Leasing and Finance Company Ltd (CLC) was incorporated as a Specialized Leasing Company in 1988. CLC obtained the license to operate as a Licensed Finance Company in December 2011, thereby also obtaining the rights to attract customer deposits. CLC is 90% owned by LOLC with the remaining 10% listed on the Colombo Stock Exchange.
What is our funding objective?
CLC‘s core business is financing mico-, small- and medium-sized enterprises (MSMEs) in mainly rural and semi-urban areas with its main product lines consisting of lease and hire purchase, loans and factoring. CLC primarily provides loans and leases for cars, trucks and agri equipment.
Why do we fund this investment?
The proposed funding will support the company’s growth plans by strengthening its funding base with longer tenors that match the company's loan and lease portfolio.
More investments
| Date | Total FMO financing |
|---|---|
| 6/19/2019 | EUR 0.04 MLN |
| 9/14/2021 | USD 14.20 MLN |
| 9/14/2021 | USD 20.00 MLN |
- Website customer/investment
- http://www.clc.lk
- Region
- Asia
- Country
- Sri Lanka
- Sector
- Financial Institutions
- Effective date
- 12/19/2013
- End date
- 9/25/2020
- Total FMO financing
- USD 16.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B