NDB Bank ‘Divi Aruna’ now in Trincomalee and Matara

Tuesday, 12 October 2010 22:37 - - {{hitsCtrl.values.hits}}

NDB Bank’s SME loan scheme, ‘Divi Aruna’ has now been successfully introduced to the districts of Trincomalee and Matara.

The scheme aims to provide funding that will develop the lives of the communities, elevate their social standing and empowering them to make the most of their entrepreneurial skills; and to be part of the rapid economic growth in post war Sri Lanka.

Vice President SME and Specialised Commercial Markets Raj Aboobucker and his team handed over funding for sectors such as Maldives-fish, footwear, dairy and pottery.

The salient feature of the loan scheme is that the borrowers are able to obtain loans at very concessionary rates without collateral. The Divi Aruna scheme also encourages a savings culture among the borrowers, so that they will create equity for their future.

Previously NDB ‘Divi Aruna’ was launched in the Jaffna, Batticaloa and Ampara districts, and has been a successful effort where repayments are prompt and regular. This will also bring these communities to the mainline banking stream, and further obtain other banking facilities that will assist them at different stages in their lives.

Reiterating the bank’s firm belief that an entrepreneurial culture is essential for the sustainable development of a nation, NDB Bank pioneered project lending and SME financing in Sri Lanka and has contributed immensely to this sector over the years.

Having financially supported over 35,000 ventures and creating more than 500,000 employment opportunities island-wide, NDB Bank remains committed to further empowering the SME sector.