LB Finance PLC (“LBF”), Sri Lanka, in raising a USD 8 million medium term facility. The facility was provided by the funds managed by responsAbility Investments AG, one of the largest impact investment fund managers and will be used by LBF to fund the growth of its micro, small and medium enterprises.
About LB Finance PLC:
LBF is a licensed Sri Lankan Finance Company, which was incorporated in 1971 as a private limited liability company. The Company is listed in the Colombo Stock Exchange. LBF offers a holistic portfolio of financial solutions. Their innovative financial solutions are offered through more than 175 branches. Expanding their presence beyond the shores of the island, LBF has extended their footprints to Myanmar as well with 12 branches in the Bago and Magway regions. LBF products and services are offered through their 03 main business clusters-Investing, Financing Value-Added Services-under the LBF brand, which improves their brand presence and ensures brand resonance.
About responsAbility Investments AG:
Founded in 2003, responsAbility is a sustainable investment house that specializes in impact investments mostly in emerging markets where capital is scarce. With over USD 11 billion invested since inception, responsAbility continues to innovate with securitizations that make impact investing accessible to the capital markets, blended finance instruments that align risk profiles with the needs of public and private investors alike, equity investments into the valuable leapfrog effect of fintech in emerging markets and into sustainable food production that is crucial to health and waste-reduction, and access to clean energy funds that are unrivalled in the industry.