Entrepreneur thanks People’s Bank SME loans for his success
View(s):A determined Sri Lankan entrepreneur who struggled to success was largely helped on the way by the People’s Bank.
“It has been a childhood dream of mine to start my own business. Never thinking it will grow from strength to strength in the shortest possible time, I have started this business from scratch, in a very small scale. Today my dream of becoming a successful businessman is realised all thanks to People’s Bank,” noted W. H. Ruwan Udaya Shantha, proprietor of Galagedara Sandhalanka Coir Products, Sandhalankawa.
Explaining his route to the top, he said “My first venture was to manufacture Coconut Shell Charcoal. In 1998, I started exporting Coir Pith Blocks. The first loan of Rs. 25,000. I obtained from People’s Bank was the pillar of success to my business.”
Today, running a fruitful business, Mr. Udaya Shantha is one of the country’s leading exporters of Coir Pith Blocks. Apart from that, he manufactures a range of Coir Pith related products including Coco Disks, Briquette, Grow Bags, Open Top and 5KG Balls.
“The support I receive from my wife is indeed strength in developing this business. Currently there are nearly 25 workers in our factory. They too render me invaluable strength and courage,” he said in comments released to the media by the People’s Bank.
Mr. Udaya Shantha plans to take his business to the next level by expanding the export production. “Small and Medium Scale Business Loans of People’s Bank offers great strength to entrepreneurs like us. The staff of People’s Bank didn’t stop at just offering me loans but they motivated me with their generous business advice. I always keep to date in settling my loan installments simply because I value the trust the bank has placed in me,” he added.