Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment and a verifiable credit history.
People’s Lanka Micro Credit was established as a private corporation on the 25th of July 2014 with the primary aim of instituting an island wide framework of an effectual mechanism through which viable micro credit provisions are actualized. Accordingly, PLMC (Pvt) Ltd was established and registered under PV 99929 by fulfilling all requirements of the 2007 Company Act Number 7.
We provide short-term financial micro credit to viable groups, small and medium-scale growing business enterprises as well as other financial requirements pertaining to business through a credible as well as systematic procedure that includes the establishment of compatible societies.
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