Citi Sri Lanka, CCC Solutions and NDB Bank in joint plan to help aspiring micro entrepreneurs
View(s):The Citi CCCS Rural Economic Empowerment Programme launched last week 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, according to a Citi Sri Lanka media release. The programme will be launched in the rural areas of Dadayamkanda,
From left to right - 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.
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 on 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.