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Sunday, 17 October 2010

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NDB Bank's Divi Aruna in Trincomalee, Matara

NDB Bank's SME loan scheme, 'Divi Aruna' was introduced to Trincomalee and Matara recently. The scheme aims to provide funding that will develop the lives of the communities and elevate their social standing, empowering them to make the most of their entrepreneurial skills, to be part of the rapid economic growth in post war Sri Lanka.

Vice President SME and Specialised Commercial Markets, Raj Aboobucker handed over funding for the sectors: maldive-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 borrowers, so that they will create equity for their future. 'Divi Aruna' launched in the Jaffna, Batticaloa and Ampara districts, has been successful where repayments are prompt and regular.

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 to this sector over the years.

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

 

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