HNB Finance empowers rural communities with Co-operative Thrift and Credit Union
Leading integrated financial services provider HNB Finance PLC announced a momentous collaboration with the Co-operative Thrift and Credit Union (Sanasa).
This memorandum of understanding (MOU) paves the way for extending HNB Finance’s innovative financial solutions to the underserved rural population across the country.
Through this initiative, residents of remote villages, who previously lacked access to conventional or advanced financial services, will now have the opportunity to fulfil their financial needs conveniently.
The MOU signifies a commitment to financial inclusion, ensuring that even those in geographically distant locations can benefit from a wider range of financial products and services.
The signing ceremony witnessed the presence of esteemed representatives from both parties. HNB Finance was represented by Managing Director/ CEO Chaminda Prabhath, Deputy CEO Madhuranga Heenkenda and other officials. The Co-operative Thrift and Credit Union delegation comprised the headquarters inspectors of the union, led by Ruwan Amaradeva, Deputy Commissioner of Cooperative Development of Colombo and Kalutara Districts.
Prabhath said, “We are delighted to join forces with the ‘Sanasa’ Society, Sri Lanka’s largest memberbased cooperative, to bring our advanced financial services to the rural masses. This partnership presents a golden opportunity to transform the lives of people in rural communities. By leveraging the vast network of ‘Sanasa’ societies, they can now experience HNB Finance’s unparalleled financial offerings right at their doorsteps.”
Pahalawewa – Sanasa Society Chairman, Matale District Union Director and Matale District Co-operative Council Director K.G. Wijerathne said, “This MOU has the potential to be a turning point for the economic development of rural Sri Lanka. As a cooperative society, we understand the importance of trust and HNB Finance, as a subsidiary of the highly respected HNB PLC, further strengthens that foundation. We are confident that by joining forces, our members will gain the tools and resources they need to overcome financial hurdles and build a brighter future.”