CIFL Introduces New Products
Central Investments & Finance Limited (CIFL), a pioneer finance company registered with Central Bank of Sri Lanka, on its 44th Anniversary, launched a new product branded “Kalin Poli” in an effort to introduce one of the most rewarding investment solutions to the public.
The unique feature the new Product “Kalin Poli” is that the customer doesn’t have to wait till the maturity of their fixed deposit to receive the interest, but gets the interest immediately after placing the deposit. Deposits can be placed for six months and one year on very attractive interest rates.
This is a Central Bank Approved product and the first of its kind to be introduced by a finance company in Sri Lanka. CIFL hopes to bring multiple benefits to the customer by providing investors with an opportunity to shift their deposits from other institutions on maturity and reinvest with CIFL to receive interest upfront, or receive interest upfront at the placement of the new deposit.
Launching of this product is one their initiatives to increase inflows to the company to enhance the micro-financing activities in rural areas of Sri Lanka with the help of the wide network of branches and services centers around the country.
The Micro finance & rural community development activities of CIFL were presented to the Sri Lankan cricketers in an effort to increase more participation from the public towards rural development programmes. Talented Thilina Thushara of the Sri Lankan Cricket Team made the first deposit under the new product which will be utilized for the upcoming micro financing projects.
“Once again with the guidance and support of the Central Bank, we hope to move forward with our Micro Financing activities to benefit rural communities and Kalin Poli is an ideal vehicle to give the investors an opportunity to participate in such activities through a responsible mediator such as CIFL. This is a win-win situation for all,” stated Assistant General Manager-Business Development, Chathura Lakindu.