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Adam Capital ventures into micro credit business

Jun 18, 2015 (LBO) – Sri Lanka’s Adam Capital has incorpotared their micro credit busines under the name of Adam Capital Micro Credit private limited to explore the micro finance sector in the island.

“Central Bank approval is not reqiired as the Micro Finance Act has not been passed in Parliament.” the company said in a stock exchange filing.

The new business is a wholy owned subsidiary of Adam Capital PLC.

The long awaited Micro Finance Act has already been drafted and expecting public proposals.