Quick Micro Credit Company Sejaya

A social enterprise, Quick micro credit company Sejaya was founded in November 2014 in Sri Lanka. The idea was to create a better microfinance system that would help rural women achieve financial independence. While many other microfinance institutions were commercialized, Sejaya chose to operate as a social enterprise. This way, they could make sure that the money they lend was spent wisely and for the right purposes.

In 2015, Renuka Rathnahewage set out on her journey. She founded Sejaya Micro Credit Ltd. to create a more equitable and prosperous society. She aimed to improve the living conditions of low income families and reduce poverty in the country. Today, she is a member of the Lankan Microfinance Practitioner Association and represents Sejaya as an MFI, or Microfinance Institution.

More remote parts

The company has a small footprint in Sri Lanka but aims to expand its reach to more remote parts of the country. In 2011, Sejaya was the largest microfinance provider in the world, with more than 15 million customers. While its loan amounts are modest, they represent a significant percentage of all microfinance loans. The company has also leveraged technology to spread its wings across Sri Lanka.

Improve the poor

Despite its modest size, Sejaya has achieved success in its mission to improve the lives of poor households in the country. Its average loan amount is just US$56. That’s a low percentage, but it’s a large number for an industry focused on the poor. Its return on equity is 17.5% and its asset value is 4.5 percent. Regardless of its small size, it is important for the company to stay committed to its mission.

Despite the modest size of the company, it has been able to generate large profits. Its mission is to help financially weak households and communities. Its mission is to improve the economic situation of low-income families and reduce their poverty. As a result, Renuka is the MFI representative in Sri Lanka. With only 17 branches in the country, the company is a good size and has a lot of potential to grow.

Controlling operational expenses

One of its most critical challenges is controlling operational expenses. Although the company has 17 branches, it has a total of over 20,000 customers. The average loan size for Sejaya is US$5. Nevertheless, the average loan size for the company is just US$5. The return on equity is 4.5 percent. And the overall success rate is much higher, but still very modest. Nonetheless, it is important for the management to control operational expenditure. This will help the company maintain its credibility and attract new talent.

Micro Credit Company

Renuka Rathnahewage, the founder of Quick micro credit company Sejaya Micro Credit Ltd., is an entrepreneur who aims to improve financial conditions and alleviate poverty issues in the low-income group. She is also the representative of the MFI (Microfinance Institute) in Sri Lanka. The MFIs, or microfinance companies, provide loans to low-income people, mainly women. Most of the customers of these microfinance companies are women, and they are mostly small-scale businesses.

Provide high-quality credit

The company’s goal is to provide low-income households with access to affordable and high-quality credit. The company has a low loan-to-value ratio, with the majority of customers borrowing only US$5 or less. The return on equity is only 3.5 percent, which is too small for most people to afford. In other words, the MFIs aren’t in the business of providing high-income loans to the poor.

The MFIs are in a competitive market, but their goal is to help last-mile consumers. They aim to create employment opportunities and improve financial conditions for the poor. A MFI, or Microfinance Institution, is a non-profit organization that seeks to provide loans to people in need. A MFI has a low loan size, and thus is a riskier investment than traditional banks.

In Final:

The company’s focus is on the microfinance sector. However, the focus is on small-scale enterprises with higher capital needs and activities with higher risk. As a result, the microfinance institutions’ maturity dates are much shorter than the traditional loans. The repayment schedules are often flexible. The borrowers do not need collateral to get a loan from these institutions. In fact, they can get a microloan by putting up a marriage certificate or titling paper.