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Poverty Alleviation Micro Finance Project - PAMP II - Revolving Fund Loan Scheme

Purpose

  • To improve income level and social condition of the poor in the project area
  • To enhance an inclusive formal financial service for the poor by providing credit for income generating activities

Eligibility

  • Be a member of small group on low income category formed by the Bank for the purpose of the PAMP II RF
  • Maintain regular savings accounts / Group Savings accounts
  • Have been engaged in regular weekly saving, group activation, and already with a viable project plan on eligible IGA and cash flow prior to applying for a loan
  • Should be a member of a small group in low income category
  • Be a permanent resident of the area
  • Should not be a willful defaulter to any financial institution

Loan Amount

  • 1st loan - Rs. 100,000.00
  • 2nd loan - Rs. 150,000.00
  • 3rd loan - Rs. 200,000.00

Rate of Interest

  • 10 % per annum

Repayment Period

  • Up to 3 years

Area of Operation :

  • Ampara, Anuradhapura, Badulla, Baticoloa, Jaffna, Kilinochchi, Mannar, Monaragala, Mullaitivu, Polonnaruwa, Puttlam, Ratnapura, Trincomalee, Vavuniya

* Conditions Apply

(Bank of Ceylon holds the authority to change, add or revise any condition, term or statement in this facility).

For more information, please contact the Manager at your nearest BOC Branch or call centre: 011 220 4444

Manager,
Development Banking Division, 

25th Floor, Head Office,
Bank of Ceylon,
No: 01, BOC Square, Bank of Ceylon Mawatha
,
Colombo: 01.
Tel: 011 220 5013 / 011 220 5037 / 011220 5003,
Fax: 011 2445805