Lak Jaya Micro Finance Ltd

Lak Jaya Micro Finance Limited was established in the year 2002, a public limited liability company under the company’s Act 7 of 2007  of Sri Lanka. Originally this company followed the Grameen model of Bangladesh.  In the year 2006 CMI invested in shares of Lak Jaya through its holding company called CMI Lanka Holdings Pvt Limited. And ASA International N.V., a public limited liability company incorporated under the laws of the Netherlands (ASA International) was given the task of supervising the management of Lak Jaya by CMI.  C.M.I. Lanka Holding (Private) Limited (CMI Lanka) a holding company of CMI, a Limited Liability Company incorporated under the laws of Sri Lanka owns 97% of the shares of Lak Jaya.

Lak Jaya has shown  a steep  growth  in  its  operations  following the  investment of  CMI Lanka  in  March  2007 and adopting the ASA Model, growing from 8 in 2007 to 36 branches by end 2015.   By the end of 2015 it had 38,552 with a gross outstanding loan portfolio of Rs.873 million. There were 113loan officers and 258 total staff. Lak Jaya is set to reach out to a moderate but steady growth and by the end of the 5 year period in 2020 to reach over 75,000 clients with 60 branches provided the required funds are available and the operations can be carried out uninterrupted. A moderate growth is assumed due to the difficulties faced by the micro finance sector in Sri Lanka in general in raising the necessary funds locally as  well as internationally. The short term goals of Lak Jaya are to improve the quality of the management, the outreach of the existing branch  network,  and  to  enhance  the  loan  portfolio  by  developing a good  client base. As  a result,  Lak Jaya estimates  to  reach  over 75,000  clients  with  a total outstanding loan  portfolio  of  over Rs. 1 billion through  a network of 60 branches by the end of the plan period.  Currently, Lak Jaya presently has 36 branches in the districts of  Colombo, Puttalam, Matara, Kalutara, Gampaha, Galle, Nuwara-Eliya, Ratnapura, Kegalle , Badulla, Hambantota,and  Kurunegala .

• Colombo
• Puttalam
• Matara
• Kalutara
• Gampaha
• Galle
• Nuwara-Eliya
• Ratnapura
• Kegalle
• Badulla
• Hambantota
• Kurunegala