Key Fact Document

Credit & Savings Products
EDS Products

Loan type	Purpose	Amount	Tenor (Months)	Interest Rate	Required Documents from the client	Income Requirements	Collateral	Other Requirements
Cluster Loan Products
Business Loan	For any Business purpose	Up to Rs 300,000/-	12 M – 30 M	30%	National Identity Card Address Proof Completed application form and other documents given with the application	Monthly loan installment should be below 40% of the monthly Net Income (Total income – total expenses) of the house hold	Two cluster members and family guarantor Collateral savings balance build up
Cultivation Loan	For seasonal crops	Up to Rs.150,000/-	6M	25%	National Identity Card Address Proof Completed application form and other documents given with the application	Monthly loan instalement should be below 40% of the monthly Net Income (total Income – total Expenses) of the household	Two cluster members and family guarantor Collateral savings balance build up
Cultivation Loan (Secondary Loan)	For seasonal crops	20,000/- – 50,000/-	6M	30%	Loan Application and Guarantee Bonds	Monthly loan installment of the main loan and the secondary loan should be below 40% of the monthly Net Income (Total income – total expenses) of the household	Same as the main loan
Diary Loan	Diary Farming	Up to Rs 300,000/-	24M-30M	30%	National Identity Card Address Proof Completed application form and other documents given with the application Copy of the diary Insurance assigned to BMIC	Monthly loan installment should be below 40% of the monthly Net Income (Total income – total expenses) of the household	Two cluster members and family guarantor Collateral savings balance build up	Cow Insurance if the purpose is to purchase a cow
EDS Loan	provided as a secondary loan for clients who have obtained training for skill enhancement	From Rs 25,000/- Rs 100,000/-	6M-12M	30%	Loan Application and Guarantee Bonds	Monthly loan installment of the main loan and the secondary loan should be below 40% of the monthly Net Income (Total income – total expenses) of the household	Two cluster members and family guarantor Collateral savings balance build up	Borrower should have undergone a skills training within the last 6 month prior to obtaining the loan
Asset Building Loan	For Asset acquisition and improvements	Up to Rs 250,000/-	12M-30M	30%	National Identity Card Adress Proof Completed application form and other documents given with the application	Monthly loan installment should be below 40% of the monthly Net Income (Total income – Total expenses) of the household	Two cluster members and family guarantor Collateral savings balance build up
Senior Citizen Business Loan	For any Business purpose	Up to Rs 100,000/-	12M-24M	20%-27%	National Identity Card Adress Proof Completed application form and other documents given with the application	Monthly loan installment should be below 40% of the monthly Net Income (Total income – Total expenses) of the household	Two cluster members and family guarantor Collateral savings balance build up
Individual Loan Products
Business Loans	For any Business purpose	Up to Rs 300,000/-	12M-30M	30%	National Identity Card Adress Proof Completed application form and other documents given with the application Income Proof	The individual borrower should have a fixed income source and the loan installment should be below 40% of the net monthly income.	Two outside guarantors and family guarantors Initial Collateral savings deposit which is 7.5% of the loan amount and balance build up
Individual Loans for Asset Building purposes	For Asset acquisition and improvements	Up to Rs 300,000/-	12M-30M	30%	National Identity Card Adress Proof Completed application form and other documents given with the application Income Proof	The individual borrower should have a fixed income source and the loan installment should be below 40% of the net monthly income.	Two outside guarantors and family guarantors Initial Collateral savings deposit which is 7.5% of the loan amount and balance build up
Business Loans for Estate Individuals (Estate workers and staff)	For any Business purpose	Up to Rs 75,000/- (worker) , Rs 100,000/- (staff)	12M-24M	28.2% – 30.10%	National Identity Card Adress Proof Completed application form and other documents given with the application Income Proof	The individual borrower should have a fixed income source and the loan installment should be below 40% of the net monthly income.	Two coworkers who are obtain loans and a family guarantor
Asset Building Loans for Estate Individuals (Estate workers and staff)	For Asset acquisition and improvements	Up to Rs 50,000/- (Worker) 75,000/- (Staff)	12M-24M	28.2% – 30.10%	National Identity Card Adress Proof Completed application form and other documents given with the application	The individual borrower should have a fixed income source and the loan installment should be below 40% of the net monthly income.	Two co-workers who are obtaining loans and a family guarantors
Enterprise Development Loans	To enhance/improve and for working capital requirements of existing enterprises	Up to Rs 500,000/-	24M-36M	30%	National Identity Card Adress Proof Completed application form and other documents given with the application Income Proof Business Registration Business plan/Profitability Forecast	The individual borrower should earn a fixed income from the enterprise for which the loan is granted and the loan installment should be below 40% of the net monthly income.	Two outside guarantors and family guarantor. Initial Collateral savings deposit which is 7.5% of the loan amount and balance build up
Community Based Organizational loans
Estate Workers Housing Corporative Society (EWHCS) Bulk loans for Business purposes	For any Business purpose	Up to Rs 2Mn/-	12M-24M	24.92%- 30.10%	Corporative Commissioners approval Approved resolution to obtain a loan in the AGM of the EWHCS Name list of the end borrowers Undertaking from the estate management to remit the loan instalment directly to BMIC. Loan application and related documents signed by the EWHCS office bearers and Estate management.	The individual borrower should have a fixed income source, and the loan installment should be below 40% of the net monthly income.	Two corporative members and family guarantor.	EWHCS should be registered under the corporative commissioner
Estate Workers Housing Corporative Society Bulk loans for Asset Building purposes	To enhance/improve and for working capital requirements of existing enterprises	Up to Rs 2Mn	12M-24M	24.90% -30.10%	Corporative Commissioners approval Approved resolution to obtain a loan in the AGM of the EWHCS Name list of the end borrowers Under taking from the estate management to remit the loan instalment directly to BMIC. Loan application and related documents signed by the EWHCS office bearers and Estate management.	The individual borrower should earn a fixed income from the enterprise for which the loan is granted, and the loan installment should be below 40% of the net monthly income.	Two CBO members and family guarantor.	EWHCS should be registered under the corporative commissioner
CBO Loans for Business Purposes	To improve the existing business	Up to Rs 200,000/-	12M-36M	30%	CBO Registration Approved resolution to obtain a loan in the AGM of the CBO Name list of the end borrowers Under taking from the CBO to remit the loan instalment directly to BMIC. Loan application and related documents signed by the CBO officers	The individual end borrower should have a fixed income source, and the loan installment should be below 40% of the net monthly income.	Two CBO members and family guarantor.	CBO should be registered under the relevant Government body
Cultivation loans for CBO	For cultivation of seasonal crops	Up to Rs 150,000/-	6M	25%	CBO Registration Approved resolution to obtain a loan in the AGM of the CBO Name list of the end borrowers Under taking from the CBO to remit the loan instalment directly to BMIC. Loan application and related documents signed by the CBO officers	The individual end borrower should have a fixed income source, and the loan installment should be below 40% of the net monthly income.	Two CBO members and family guarantor.	CBO should be registered under the relevant Government body

Product Categories	Purpose	Duration	Price
Technical Trainings – Agriculture & Livestock
Technical – Agriculture Training – Half day	Build practical knowledge and skills in agriculture and livestock	Half day	Free service
Technical – Agriculture Training – One day	Provide in-depth training on improved agricultural practices	One day	Free service
Technical – Agriculture Training – One & half	Strengthen technical capacity in agriculture and livestock	One & half	Free service
Technical – Agriculture Training – Two day	Comprehensive training for sustainable agricultural development	Two day	Free service
Technical Trainings – Non Agriculture
Technical – Non – Agriculture Training – Half day	Improve technical skills in non-agriculture industrial services	Half day	Free service
Technical – Non – Agriculture Training – One day	Build knowledge for diversifying income through industrial activities	One day	Free service
Technical – Non – Agriculture Training – One & half	Strengthen industrial enterprise skills	One & half	Free service
Technical – Non – Agriculture Training – Two day	Comprehensive training for industrial enterprises	Two day	Free service
Technical – Non – Agriculture Training – Four day	Extended skill development for higher technical competency	Four days	Free service
Exposure Visits
Exposure Visits – Long distance	Gain exposure to new ideas and models by visiting far distance from home	One day	Free service
Exposure Visits – Medium distance	Gain exposure to new ideas and models by visiting medium distance from home	One day	Free service
Exposure Visits – Shorter distance	Gain exposure to new ideas and models by visiting short distance from home	One day	Free service
Lifeskill training
Financial Literacy Training	Improve knowledge and skills on savings and loans	Half day	Free service
Success in Money Management	Improve knowledge and skills on financial freedom	Half day	Free service
Motivation training
Transformation Development Training	Inspire personal growth and positive mindset for entrepreneurship	One day	Free service
Entrepreneurship training
Viyapara Jaya Training	Strengthen entrepreneurial skills for business growth	One day	Free service
Start and Improve Your Business	Guide participants to plan, start, and grow enterprises effectively	One day	Free service
Entrepreneurial development Training Three Day	Intensive training to develop entrepreneurial knowledge	Three days	Free service
Value added services
Business Follow-up and Counseling	Continuous guidance to strengthen enterprise performance	As required	Free service
Provision of Business Information	Share updated information for better business decisions	As required	Free service
Facilitation of Business Registration	Support to register enterprises and operate legally	As required	Free service
Livestock Insurance Facilitation	Help access livestock insurance for risk management	As required	Free service
Referring to Trainings of other Organization	Connect clients to specialized training opportunities	As required	Free service
Special income generating project	Provide additional opportunities for income generation	As required	Free service
Market linkages	Strengthen client access to markets and linkages	As required	Free service
Linking rural handicrafts products to ekade.lk	Create online market access for handicrafts	As required	Free service
Linking agricultural related products to ekade.lk	Enable online sales for agriculture products	As required	Free service
Linking processors for agriculture related products	Build connections with processors to add value	As required	Free service
B to B sales among the branches	Facilitate inter-branch business-to-business sales	As required	Free service