OUR VISION
To be the premier and trusted financial ally of all public servants.
OUR MISSION
To provide allies with prompt, reliable, and effective loan solutions, while ensuring the sustainable management of the revolving loan fund.
FUNCTIONS
- Provide short term loans for public servants
- Develop and implement effective procedures to sustainably manage the revolving loan fund and service providers
- Mobilise funds and enhance loan management methods to provide efficient and reliable financial solutions.
- Facilitate other institutions for loan servicing by providing required certification and details.
- Maintain robust financial control mechanisms to ensure transparency and accountability in all operations.
- Strengthen institutional capacity to better serve allies.
OFFICE COMPLEX
Lady Lochore Loan Fund Office is housed in the 3rd floor of a three-storied building constructed utilizing the finances of the Fund.The extent of the land is 01 rood and it was provided by the Government on a99 years lease. The unused space of the building has been rented out to the following institution:-
Ceylon Electricity Board, Co-operative Commission, Lake House Book Shop, AJS Associates (Tax Consultants) and PERC of the Ministry of Finance. The basement is exclusively for parking vehicles belonging to the Fund and tenants. It has an official bungalow for the Chairman / Managing Trustee in the 3rd floor as well.
MANAGEMENT OF THE FUND
The Fund is managed by the Chairman / Managing Trustee assisted by a Board of Trustees.The President, a representative of the Ministry of Finance presides the Board Meetings.
Following are the functions :-
• Granting loans to Public and Semi-Government sector employees who are in debt and distress.
• Purchases – Fixed / Moveable property and sell same to makeprofit.
• Mortgage and exchange of property.
• Any action to assist the official function of the Board.
CHAIRMAN / MANAGING TRUSTEE
Chairman / Managing Trustee is incharge of administration and management of the Fund.
The Financial Year is from January to December of each year. The total cadre of staff of the LLLF iscurrently 47 including Minor, Middle, Junior and Senior Management staff.
BOARD OF TRUSTEES
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| Mr. P.R.K. Senanayake Board President |
Ms. Ayanthi De Silva Managing Trustee |
Mrs. Inoka Lankathilaka Trustee |
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| Mr. A.L.D.H. Liyanage Trustee |
Mr. R.S.K. Werake Trustee |
Organization Structure
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| Ms. Ayanthi De Silva |
| Managing Trustee |
| Tel : 011-2324044 / 0761567777 |
| Email - This email address is being protected from spambots. You need JavaScript enabled to view it. |
Staff Officers
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| Mr. P.H.L.J. Silva | Mrs. K.S.M.P. Haputhanthri | Mrs. U. Ramani Dhammika | ||
| Accountant | Administrative Officer | Internal Audit Officer | ||
| Tel : 011-2449175 / 0777615768 |
Tel : 011-2449175 / 0743716128 |
Email - This email address is being protected from spambots. You need JavaScript enabled to view it. | ||
| Email - This email address is being protected from spambots. You need JavaScript enabled to view it. | Email - This email address is being protected from spambots. You need JavaScript enabled to view it. | |||
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| Mrs. D.S. Tekla | Mrs. K.A. Pathma Jayanthi | Ms. D.R. Anjala Croning | ||
| Loan Recovery Officer | Loan Monitoring Officer | Accounts Officer | ||
| Tel: 011-2431338 | Email - This email address is being protected from spambots. You need JavaScript enabled to view it. | Tel: 011-2338315 | ||
| Email - This email address is being protected from spambots. You need JavaScript enabled to view it. | Email - This email address is being protected from spambots. You need JavaScript enabled to view it. | |||
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| Mr. M.M. Thaksara Malshan | ||||
| Information Technology Officer | ||||
| Email - This email address is being protected from spambots. You need JavaScript enabled to view it. |
ISSUING OF LOANS
| 2016 | 2017 | 2018 | ||||
| Loan Category | Number | Amount (RS) | Number | Amount (RS) | Number | Amount (RS) |
| RS. 300,000 | - | - | - | - | 40 | 12,000,000 |
| RS. 250,000 | 36 | 9,000,000 | 78 | 19,500,000 | 138 | 34,500,000 |
| RS. 100,000 | 2,347 | 234,700,000 | 2985 | 298,500,000 | 2,710 | 271,000,000 |
| RS. 50,000 | 1,103 | 55,150,000 | 866 | 43,300,000 | 686 | 34,300,000 |
| RS. 40,000 | 82 | 3,280,000 | 65 | 2,600,000 | 36 | 1,440,000 |
| RS. 30,000 | 71 | 2,130,000 | 46 | 1,380,000 | 21 | 630,000 |
| RS. 20,000 | 37 | 740,000 | 22 | 440,000 | 5 | 100,000 |
| TOTAL | 3,676 | 305,000,000 | 4,062 | 365,720,000 | 3,636 | 353,970,000 |
INCOME
The annual income consists of accured interest on loans, rental income of excess building space rented and the interest drived from fixed deposits. The income derived in 2016,2017 & 2018 is as follows:
| 2016 | 2017 | 2018 | |
| Loan Interest | 57,551,633 | 64,591,914 | 70,743,022 |
| Rental of the building space | 13,368,568 | 17,507,790 | 16,592,790 |
| Investment Income | 7,057,766 | 10,644,727 | 11,391,223 |
| Other Income | 3,667,739 | 4,996,274 | 3,547,090 |
| TOTAL | 81,645,706 | 97,740,705 | 102,274,125 |
