Future Life Investments Limited (FLI), an up-and-coming microfinance company, won the Best Microfinance Company of the Year at BWIO International Awards, organized by Business World International Organization. This gala event was held recently at Taj Samudra Hotel, Colombo. The company, which was established in 2016, in Gampaha, has grown to be one of the fastest-growing microfinance companies in the country within six years.
Accepting the award Chief Executive Officer of Future Life Investments Limited Mr. Danushka Udugama said that they now have 36 branches and employ over 360 staff members. “We have customers in almost all districts in the country. We believe in adhering to the true meaning of the microfinance concept and ensuring that our customers always come out on top. We are more flexible, and we want to be sustainable. We serve low-income individuals who want to overcome adversity,” Mr. Udugama stated. He added that the company had a loan portfolio of over 2.5 billion rupees by the end of February 2023. “Our clients have great faith in us, and we have a staff that understands the needs of people working hard to overcome hardships. Currently, we are servicing more than 63,000 client base. We are truly blessed,” Mr. Danushka Udugama said. Given Sri Lanka’s current economic condition there will be a spike in demand for microfinance loans in the future, he said. Given that the company has a track record for low nonperforming loan (NPL) levels, due to its sustainable approach to microfinance, which is its purpose-driven culture that promotes mutually beneficial and respectful relationships with customers, staff, and society to enrich their lives. Future Life Investments is poised for great things in the future, he said.
Caption – CEO of Future Life Investments Limited Mr. Danushka Udugama receiving the award with his team.