Unilever SL with IDB and WCIC supports women-led microentrepreneurs

Unilever Sri Lanka and the Industrial Development Board (IDB) of the Industry and Entrepreneurship Development Ministry handed over the second round of financing to 10 female microentrepreneurs. 

This is part of the three-year memorandum of understanding (MoU) signed by Unilever and the IDB in 2024, to provide financial and capability support to female entrepreneurs. 

By the end of 2025, 60 entrepreneurs will have been supported by the programme. Representing diverse industries, including batik and handloom, confectionery, footwear and spices, they have been able to invest in and scale up their ventures. 

The MoU was further strengthened this year through a partnership with the Women’s Chamber of Industry and Commerce (WCIC) for additional support, with capability building for example, with mentoring and networking.

Industry and Entrepreneurship Development Ministry Secretary Thilaka Jayasundara was the chief guest at the handover ceremony. 

IDB Chairman Ravi Nissanka stated, “The programme supports the national goal of boosting local manufacturing and fostering an export-driven economy. Providing training and mentoring to microentrepreneurs in addition to financial support helps generate employment and export high-quality products in line with the global standards.” 

Unilever Sri Lanka Chairman and CEO Ali Tariq commented, “Enhancing livelihoods is a key pillar of Unilever’s sustainability agenda. This partnership, with the IDB and WCIC, to support and empower women entrepreneurs, is one of our contributions to the social and economic development of Sri Lanka.”

WCIC Chairperson Gayani de Alwis stated, “Providing female entrepreneurs with the right knowledge, networks and mentorship is key to their success. By strengthening their skills and business acumen, we are fostering a more dynamic and inclusive entrepreneurial ecosystem, empowering ‘women-owned women-led businesses’ to scale their businesses and make a lasting impact.”