Berendina Micro Investments Company Limited (BMIC) is the successor of Berendina Microfinance Institute Guarantee Limited (BMI), which commenced its operations in 2007 with the objective of uplifting the living standards of underprivileged segments in the population of Sri Lanka by enhancing the access to microfinance, Enterprise Development Services (EDS) and micro savings. BMIC follows the triple bottom line approach of people, planet and profit. Thus, BMIC contributes to the Sri Lankan economy by providing both financial and non-financial services to enhance the income generation activities of the economically active low-income people and build their useful assets.
BMIC is the first microfinance Company in Sri Lanka, received the microfinance license from the Central Bank of Sri Lanka in 2019. BMIC serves over 80,000 clients with a portfolio value of $16 Million USD in 11 high poverty Districts in Sri Lanka through 30 branches.
The company has been in partnership with Whole Planet Foundation since 2015 to reduce poverty of low-income people in the project areas. BMIC and WPF initially partnered to set up a new branch in Kaluwanchikudy Division in Eastern Province of Sri Lanka. In 2019, the BMIC and WPF partnership extended to set up a branch in Welimada in Uva Province of Sri Lanka.