PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599762

Primary Business Area

Access To Finance

Disclosure Date

Nov 25, 2013

Country

Sri Lanka

Region

South Asia

IFC Approval Date

Oct 15, 2013

Status

Completed

Estimated Total Budget

$450,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Dec 31, 2016

Project Description

The project aims to increase access to insurance for small and medium enterprises and their employees in Sri Lanka. Therefore, the project will support Sanasa Insurance Company Ltd implement the following activities: 1. Conduct a market assessment and development of business plan prior to product development 2. Scale up product offering through development of affordable and flexible insurance product/s to meet the insurance needs of entrepreneurs and employees of SMEs. 3. Knowledge management and capacity building by implementing business promotion programs for entrepreneurs and employees in the MSME sector and improve capacity of Sanasa Insurance Company Ltd staff through training and development.

Development Results