NDB, JLL and LFSUS to help under-served

A tripartite agreement was signed by Janamithu Lanka Limited (JLL) with the National Development Bank (NDB) and Lanka Financial Services For Underserved Settlements (LFSUS) to disburse Rs. 10.0 mn in loans among 87 low-income families comprising 363 people in the South through the JLL branch network to improve the condition of their houses and to develop infrastructure facilities to create better living standards.

The NDB Bank provided a loan to JLL under a credit guarantee provided by LFSUS to encourage the banks to lend to low-income settlers and make them bankable. The agreement was signed at the LFSUS Secretariat recently. Chairman Chandula Abeywickrema, General Manager, LFSUS, Gamini Swarnapala, Chairman JLL, S. W. Kiriarachchi and Director Sonal Kiriarachchi and NDB officials were also present.