In line with PL&F's aim of becoming a total financial services provider, People's Micro Finance Limited was established in 2010 as a fully owned subsidiary of People's Leasing & Finance PLC. Registered under the Companies Act as a limited liability company, PMF supports individuals, small business entities and the rural population in obtaining low cost funds.


People's Microfinance mainly operates in rural and less developed areas where access to traditional financial institutions is limited. PMF hopes to improve living standards and income, and stimulate diversification. The organisation creates employment and training opportunities both locally as an employer and regionally by stimulating entrepreneurship.


PMF has adopted the microfinance model established by the Association for Social Advancement (the ASA Model), proven successful in several countries. By building a large-scale, financially strong Microfinance Institution (MFI), the organisation intends to contribute to the sector's growth and sustainability. PMF hopes to set an example to other MFIs and develop a competitive market, compelling MFIs to reduce their operating and transaction cost per loan. Thus, basic financial services at attractive terms would be made more accessible to the country's poor.

We are currently a Participating Financial Institution for Poverty Alleviation Microfinance Project II (PAMP II), managed by the Central Bank of Sri Lanka. PAMP II aims to improve income levels among the poor by providing an inclusive, formal financial service. This involves providing credit for income generating activities, increasing income generating opportunities and skill development of beneficiaries, and improving management and training capacity of Participating Financial Institutions (PFIs) and Participating Agencies (PAs). Thereby, PAMP II hopes to contribute to alleviating poverty, reducing regional inequity and supporting peace building.