Alliance Finance Company
Alliance Finance Company in Sri Lanka offers leasing, loan, and saving products, servicing clients in various sectors such as agriculture, farming, fishing, manufacturing, and trading. In terms of products, 70% of the loan portfolio is in leasing to small and medium-sized enterprises (SMEs), 10% in microfinance, and the rest is spread in hire-purchase and other loans.
The company demonstrates its commitment to supporting financial inclusion and social and environmental sustainability in practical measures. It set up a microfinance division two years ago, focusing on delivering microfinance services to women. Alliance Finance Company is also developing green leasing products such as the lease of low carbon emission-gas toolkits for tuk-tuk (a three-wheeled taxi vehicle) and electric vehicles with a rooftop solar system to charge the battery.
Triodos Microfinance Fund and Triodos Fair Share Fund have provided a joint loan to Alliance Finance Company in order to further grow its contribution to a broader impact through SME financing and microfinance.