LCB Finance extends operations to Tangalle
Lanka Credit and Business Finance Ltd opened its 10th branch in Tangalle in keeping with its ambition to be committed to the development of the rural economy.
Ceo/executive Director stated that another branch in the deep South in Deiyandara is scheduled to be opened on 27th January which will be its 11th branch and with the Akuressa branch to opened by Mid-february 2022 their branch network will reach 12 branches before 31st March 2022.
They are of the view that this initiative will contribute to uplifting the livelihood of the people in the areas to be served by these branches and revitalize the rural economy of the respective locality.
Their deposit products such as ‘Sihina Ayojana’ accounts and minor savings account ‘Podiththa’ are designed to save for the future of the depositor, backed by lending products by way of lease, loans, and gold loans to improve existing enterprises.
They plan to devote special attention to provide working capital to the unemployed youth to either enter into self-employed projects or improve their existing ventures.
Through the Tangalle branch they plan to focus on catering to the financial needs of the fisheries sector and small and medium enterprises related to tourism. Deiyandara and Akuressa branches are to serve the agriculture industry in particular and other small and medium existing and new enterprises in general.
The company is said to be making arrangements to expand its Branch network to reach 22 branches island wide before the end of the year 2022.