Citi Sri Lanka, CCC Solutions and NDB announce plan to support aspiring micro entrepreneurs

5 October 2015 03:24 am - 0 - {{hitsCtrl.values.hits}}

A A A

From left – Rajendra Theagarajah, Director /CEO- NDB , Ravin Basnayake, Citi Country Officer - Citi Sri Lanka, Chandula Abeywickrema Managing Director & CEO - CCC Solutions (Pvt) Ltd and Delrene Seneviratne, AVP Network Management – NDB

More than 200 micro entrepreneurs in Sri Lanka stand to benefit from a programme that aims to improve their financial and business capabilities.
The Citi CCCS Rural Economic Empowerment Programme launched recently seeks to help micro entrepreneurs by enabling capacity building through financial literacy and development of entrepreneurship skills.

The initiative spearheaded by Citi Sri Lanka, CCC Solutions, a subsidiary of The Ceylon Chamber of Commerce, and the National Development Bank will also facilitate microcredit assistance, as well as asset creation through savings and insurance.

The programme will be launched in the rural areas of Dadayamkanda, Embilipitiya and Thambuthegama and is expected to be rolled out over a period of two years.

Citi in collaboration with CCCS and NDB will identify the potential agricultural based micro level entrepreneurs for participation in the programme. CCCS will undertake to facilitate the programme in building capacity on entrepreneurship, financial education, technical expertise on agriculture as well as create market linkage with other partners for the products and services of the entrepreneurs. Citi will provide overall direction for the programme and staff will play an active role as volunteers to impart basic financial literacy to the participants.

NDB’s role will be to evaluate the potential entrepreneurs based the bank’s lending criteria and grant the necessary loans for the success of their enterprise.
Commenting on the partnership, Chandula Abeywickrema, Managing Director/Chief Executive Officer, CCC Solutions said, “This is an unique initiative led by Citi in collaboration with NDB Bank and CCCS to empower two rural communities economically. As the lead project manager of Citi CCCS Rural Economic Empowerment Programme, we would want to see these two rural communities have access to services, finance and markets to make them economically stand strong“.

Citi’s participation signal’s its commitment towards promoting the national cause of livelihood development at grassroots level through sustainable financial inclusion.

“Citi is convinced that increasing financial awareness and economic education to rural community can support the overall economic and social development of the country. We are proud to partner CCC Solutions (Pvt) Ltd and NDB Bank on this initiative and hope this is a start of a long journey of imparting financial literacy and business skills to our rural community which will enable financial inclusion in the longer term “, said Ravin Basnayake, Citi Country Officer Sri Lanka

Citi Sri Lanka together with Citi Foundation has engaged in many CSR projects since its inception in 1979, demonstrating its dedication towards enhancing the economic opportunities for individuals and families of Sri Lanka.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Citi Sri Lanka, CCC Solutions and NDB announce plan to support aspiring micro entrepreneurs

Comments - 0

Add comment

RECOMMENDED

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Western purple-faced langurs see blue!

Most Viewed in News

Street food vendor arrested for verbally harassing foreigner

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

April 15 declared a government holiday

Confusion remains if April 15 is a bank holiday

Belgian traveller scammed in Kalutara

SL on alert on possible genocide allegations by Canada

MIRROR CRICKET

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings

Chamodi, Dewmi spins Sri Lanka U19 Women to big win

TODAY'S HEADLINES

Wild elephants pull down 16 telephone poles

Middleman arrested for price gouging at Kalutara eatery

Bondholders’ agreement delay won’t hinder IMF third tranche payout: Dr. Coomaraswamy

Party leaders to shoot down MPs request for concessionary duty free vehicle permits

Hardik fined Rs 12 lakh for violating IPL code of conduct after win over Punjab Kings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings