Speed Credit now in Kandy

Speed Credit Managing Director Nishantha Delgoda, providing micro credit to a customer shortly after opening the Kandy branch recently

Speed Credit, a leading financial institution, which extends micro finance facilities to rural and semi urban sectors, opened its newest branch in Kandy recently. Launched in 2016 as a member of Speed Group of Companies, Speed Credit is gradually expanding its branch network, with five branches already established in different parts of the country.

Speaking at the ceremonial opening of the Kandy branch, Speed Credit Managing Director Nishantha Delgoda said: “In Sri Lanka’s rural and semi urban sectors, there is a segment of the population who are economically and socially active. Women occupy a special place amongst this key group in society. However, these people are deprived of proper guidance to move forward. They also find it difficult to obtain micro credit facilities from recognised financial institutions. If they are given the necessary guidance to access micro finance and embark on small and medium scale enterprises as self-employment projects, it will give a tremendous boost to the country’s economy and social development. 

“We launched Speed Credit specifically for the purpose of extending socio-economic support to this particular group. Within a short period, Speed Credit was able to identify the economically and socially active segment, especially women, in various rural and semi urban areas and make them strong in financial and social terms. We are now gradually opening new branches on an island-wide basis in our effort to identify the diverse resources indigenous to each area, coupled with the talents and capabilities of the people in order to offer micro credit to improve their livelihoods. The Kandy branch was also established with this objective in mind.”

“Through the Kandy branch, we are optimistic of extending micro finance facilities to economic activities indigenous to the upcountry region such as the tourism industry, cultivation of vegetables and tea, and thereby ensure the financial strength and stability of those engaged in the respective trades. We offer micro credit on the basis of a suitable project designed after taking into account the indigenous resources, industries, businesses and the market of a particular area, coupled with an evaluation of other key components such as the capabilities and experience of the people in starting a new self-employment project,” Delgoda stressed.

In other words, Speed Credit doesn’t stop at merely lending micro finance; it provides the necessary guidance to carve out a viable business enterprise and run it successfully. Nishantha Delgoda’s vision is to transform Speed Credit into Sri Lanka’s best, most trustworthy and dependable financial institution loved by customers. As a leading financial organisation, Speed Credit’s true value is reflected by its flexibility, customer orientation, decorum, trust on transactions and professionalism.

Speed Credit is a member of Speed Group of Companies. The other member companies under the Group are Sritrims, Speed Water, Speed Motors and Speed Land. Speed Group is the brainchild of well-known businessman, Nishantha Delgoda.