Bank also offers microfinance loans to develop selected businesses29 March, 2021, Colombo – Standard Chartered Sri Lanka announced the completion of a two-year multi-stakeholder community project undertaken jointly with Chrysalis to provide financial literacy training and micro finance loans to women and youth residents in the country’s tea estates. The project saw the completion of a long-term financial literacy training of 129 women and youth, and loans provided to 33 business ventures of estate residents. Conceptualised as a project to build capabilities and enhance financial management skills, Standard Chartered Sri Lanka worked closely with Chrysalis on identifying the beneficiaries from Hatton and the Uva region. Standard Chartered also engaged Hatton National Bank (HNB) as its local banking partner to accommodate loans for qualified recipients by evaluating all individual entrepreneurs. Our work, in partnership with Standard Chartered Bank, has indirectly benefited close to 15,000 people as a result of women and youth increasing their financial literacy and actively engaging in community development.

Source: The Nation March 30, 2021 12:45 UTC