NDB Araliya assists beauticians to overcome economic effects of COVID-19

Wednesday, 24 June 2020 00:00 - - {{hitsCtrl.values.hits}}

The past few months have been tough for the world considering the COVID-19 situation that has not only created panic worldwide but has also disrupted the routine activities causing unexpected halts in the lives of many within our own country. Many industries suffered due to the COVID-19 pandemic – some more so than others. One such industry that saw a set back as a result of the pandemic was the beauty industry where some women were forced to close down or bring to a halt their only source of income.

Understanding this situation, NDB under the NDB Araliya umbrella, has introduced an initiative with an exclusive business loan to support and re-build the salon businesses of beauticians. This loan will be given based on working capital requirements as a timely requirement addressing many of the concerns faced by beauticians. Any beautician who has a registered business with a minimum of two years in operation between the ages of 18 to 55 years will be eligible for this loan.

The bank has taken stringent steps to assist the women of Sri Lanka overcome the effects left by the COVID-19 pandemic. From July to December 2020, all NDB female entrepreneurs can enjoy an exclusive partnership with Daraz along with the banking facilities available under Araliya Umbrella including an Araliya Business Loan (for capital expenditure, working capital and for day-to-day operational expenses), Araliya Credit Card, Araliya Current Account, Araliya Savings Account, Araliya Debit Card, Working Capital facilities (subject to prevailing credit criteria of the bank), preferential interest rates, insurance schemes (life cover and hospitalisation benefits) as well as non-financial services under Araliya Umbrella.

These female entrepreneurs will also have access to Araliya Knowledge Sharing Forums, access to Araliya mentoring and networking sessions, third-party advisory services (e.g. process of business registration, book keeping, etc.) as well as a special certification program on small business management.

NDB Bank is a premier commercial bank with over 113 branches across the island, serving millions of Sri Lankans through a host of financial services. From its inception, the NDB Group which includes NDB Bank, NDB Capital, NDB Investment Banking, NDB Wealth, and NDB Securities has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. Customers across all group companies have benefited from the product and service offerings of the NDB Group.