Berendina Microfinance Institute (BMI) was incorporated in 2007 to provide access to quality microfinance to the most vulnerable communities in Sri Lanka. The company is known for for its “credit plus” services, through which a client can have both financial and technical assistance at the same time.
The lending methodology is collateral-free, including an interest guarantee within a group family. BMI is unique because they reach the least served areas and targe the poorest segment of the population for the lowest interest rates among private sector and NGO-type lenders. The company intends to expand the vicinity of its activities, especially to the North and East districts, which are highly deprived and were suffering from protracted war and the areas which are more prone to environmental disasters. With the partnership of Whole Planet Foundation, BMIC intends to strengthen its activities in Kaluwanchikudy branch covering both Manmunai South and Eruvilpattu Divisional Secretarial divisions.
Location: Sri Lanka
Where We Work
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