HNB PLC, disbursed over Rs. 1 billion to entrepreneurs in the agricultural sector through its recently launched Micro Leasing facility, offering Micro, Medium and Small Enterprises (MSMEs) a myriad of benefits and opportunities.
Working in line with Central Bank of Sri Lanka (CBSL) directives to support and strengthen Sri Lanka’s agriculture sector, HNB’s micro leases will be utilized to enhance the capabilities of over 400 agricultural entrepreneurs across the island. A collaborative effort by the bank’s Leasing and MicroFinance arms, the facility offers customers a full suite of services, including access to special deals and benefits from HNB’s extensive merchant partner network.
“We have experienced first-hand the remarkable appetite for these technologies at the grassroots, and we are proud to able to support farmers in their essential contributions towards rejuvenating Sri Lanka’s agricultural sector,” HNB Deputy General Manager - Retail and SME Banking Sanjay Wijemanne said.
“The Agriculture sector was one of the hardest hit by the COVID-19 pandemic in terms of revenue generation. Given its immense potential to contribute to a vibrant export economy, it is vital that we increase the sector’s productivity and earning potential through modernisation and mechanisation.”
Commencing with email campaigns, the departments organised awareness programmes with the participation of leading merchant partners. While the programmes were interrupted by the current pandemic situation, the bank aims to resume the campaign as soon as possible.
“Given our strong relationship with the agricultural sector, we understand not only their needs but the ideal time for their needs.”
“The collaborative efforts of HNB’s Leasing and Micro Finance Departments of the bank has ensured the success of this product, and we are delighted at how well our customers in the agricultural sector has received it,” HNB Head of Leasing, Niluka Amarasinghe said. Through its microfinance officers stationed across the country’s grassroots, HNB has facilitated growth in the sector through its Gami Pubuduwa initiative.
Notably, the bank will onboard all customers using the facility on its digital platforms such as HNB SOLO, MOMO and Appigo, improving the availability of convenient payment solutions in the sector. Furthermore, HNB offers a seamless one-day approval process supported by its state-of-the-art backend systems.
Leasing customers also received the Prestige Prime credit card free of charge. The first year fee waived off, offering customers access to exclusive discounts on various agricultural products and services.
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