4 November 2024 07:49 am Views - 57
In a groundbreaking development, Assetline Finance Limited, the flagship company in the financial services cluster of the David Pieris Holdings (Private Limited), one of Sri Lanka’s top conglomerates has secured a senior loan from the Japan ASEAN Women Empowerment Fund (JAWEF) managed by BlueOrchard Finance Ltd, a leading global impact investment manager. This loan marks several significant milestones, both for Assetline Finance (AFL) and for the non-banking financial institution (NBFI) sector in Sri Lanka.
This transaction is particularly noteworthy as it represents the first fresh loan disbursed to an NBFI by an international lender in the post-COVID environment among many rollover facilities of existing exposures in Sri Lanka. This also signifies the first international loan received by Assetline Finance Limited. The company’s ability to secure international funding from a globally renowned impact investment manager such as BlueOrchard independently endorses Assetline Finance’s financial resilience and the commitment for growth trajectories such as empowering women.