People’s Bank SME loans: Start to story of entrepreneur who climbed ladder of success
Thursday, 12 December 2013 00:00
“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 the scratch, in a very small scale. Today my dream of becoming a successful businessman is realised all thanks to People’s Bank.”
Those were the very words of W.H. Ruwan Udaya Shantha, the proprietor of Galagedara Sandhalanka Coir Products, Sandhalankawa. The following is the story of this young entrepreneur who thrives in life because of his unwavering courage and determination.
“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, Ruwan 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. Buyers trust the quality of his products, knowing Udaya Shantha offers them nothing but the best.
“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.”
Udaya Shantha plans to take his business to the next level by expanding the exports production. He reminisces his past milestones while extending his heartfelt gratitude to People’s Bank; the driving force of his successful journey.
“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 instalments simply because I value the trust the bank has placed in me. People’s Bank is the colossal strength behind my success” added Udaya Shantha.
If you too are planning on starting a small scale business or if you are already operating a business of your own, People’s Bank is ready to assist you. Under this scheme, loan facilities will be offered to any business sector that covers agriculture, agriculture related industries, fisheries, manufacturing and services, hotel and tourism and trade related industries. Furthermore, People’s Bank offers loan facilities to expand your small scale business.
Further information on small and medium scale loans can be obtained from over 730 People’s Bank Branches island-wide and small & medium scale business centres located at a district level. Alternatively, information can be obtained regarding this by calling the Micro Finance Department at the People’s Bank Head Office on 011-2481323 and 2481643.