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Berendina

Key Fact Document

 
Product 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
  1. Two cluster members and family guarantor
  2. 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
  1. Two cluster members and family guarantor
  2. 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
  1. Two cluster members and family guarantor
  2. 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
  1. Two cluster members and family guarantor
  2. 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
  1. Two cluster members and family guarantor
  2. 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
  1. Two cluster members and family guarantor
  2. 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.
  1. Two outside guarantors and family guarantors
  2. 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.
  1. Two outside guarantors and family guarantors
  2. 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.
  1. 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.
  1. 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.
  1. Two outside guarantors and family guarantor.
  2. 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.
  1. 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.
  1. 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.
  1. 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.
  1. 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 Paid service
Technical – Agriculture Training – One day Provide in-depth training on improved agricultural practices One day Paid service
Technical – Agriculture Training – One & half Strengthen technical capacity in agriculture and livestock One & half Paid service
Technical – Agriculture Training – Two day Comprehensive training for sustainable agricultural development Two day Paid service
Technical Trainings – Non Agriculture
Technical – Non – Agriculture Training – Half day Improve technical skills in non-agriculture industrial services Half day Paid service
Technical – Non – Agriculture Training – One day Build knowledge for diversifying income through industrial activities One day Paid service
Technical – Non – Agriculture Training – One & half Strengthen industrial enterprise skills One & half Paid service
Technical – Non – Agriculture Training – Two day Comprehensive training for industrial enterprises Two day Paid service
Technical – Non – Agriculture Training – Four day Extended skill development for higher technical competency Four days Paid service
Exposure Visits
Exposure Visits – Long distance Gain exposure to new ideas and models by visiting far distance from home One day Paid service
Exposure Visits – Medium distance Gain exposure to new ideas and models by visiting medium distance from home One day Paid service
Exposure Visits – Shorter distance Gain exposure to new ideas and models by visiting short distance from home One day Paid service
Lifeskill training
Financial Literacy Training Improve knowledge and skills on savings and loans Half day Paid service
Success in Money Management Improve knowledge and skills on financial freedom Half day Paid service
Motivation training
Transformation Development Training Inspire personal growth and positive mindset for entrepreneurship One day Paid service
Entrepreneurship training
Viyapara Jaya Training Strengthen entrepreneurial skills for business growth One day Paid service
Start and Improve Your Business Guide participants to plan, start, and grow enterprises effectively One day Paid service
Entrepreneurial development Training Three Day Intensive training to develop entrepreneurial knowledge Three days Paid 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
Great Place to Work TAGS Awards