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People's Leasing & Finance PLC — The Trusted Leader
People’s Insurance PLC was incorporated on the 22nd July 2009, registered as a Non-Life Insurance Provider and today is the sixth largest non-life insurance company in terms of premium income, which crossed 4 billion in 2016 (according to statistics issued by the Insurance Association of Sri Lanka). The company’s vision is ‘to be appreciated for building lasting trust based on strength, stability and sustainability’. As such we have developed a mission to work with all our stakeholders with integrity and fairness, to maintain high standards in sales and services, to respect the creativity and commitment of our staff and to offer sound insurance solutions to our clients for a sustainable future.
Our products can be broadly categorized in to two; Lifestyle Products and Business Products. Our Lifestyle products are tailored to suit individual needs and include Fire, Home, Motor Vehicle, Travel, Solar Panel and Personal Accident Insurance, while our Business Products are targeted towards commercial operators and corporates. Some key services under our Business Products include Cargo, Motor Vehicle, Public Liability, Burglary, Professional Liability, Machinery and Equipment Insurance.
People’s Micro-commerce Ltd (PML) is a fully owned subsidiary of People’s Leasing and Finance PLC. As a microfinance institution, we provide financial and non-financial support to grassroots communities, particularly those underserved by the formal banking sector in Sri Lanka.
People’s Micro-commerce Ltd was incorporated as a limited liability company under the name of People’s Micro Finance Ltd on 3 September 2010 under the Companies Act No. 07 of 2007. The company name was changed with effect from 4 January 2019, in accordance with the provisions of Section 8 of the Companies Act No. 07 of 2007, to “People’s Micro-commerce Ltd.”
During the last 15 years, PML has become one of the prominent providers of microfinance loans and asset-backed financing facilities in Sri Lanka under the supervision of People’s Leasing and Finance PLC, a leading finance company in the country. With 36 branches island wide and a strong team of dedicated employees, we have strengthened our relationship with more than 164,500 customers by satisfying their microfinance borrowing and hire purchase needs.
Our product portfolio is mainly comprised of Hire purchases, Group loans, Small and Medium Our product portfolio mainly comprises hire purchase facilities, group loans, small and medium enterprise loans, individual business loans, Diriya loans, equipment loans, and educational loans. Our product portfolio is competitive among microfinance providers and has been carefully designed to deliver maximum value to our customers.
