Commercial Bank conducts Financial Literacy Program for Green Leaf suppliers

Commercial Bank conducts Financial Literacy Program for Green Leaf suppliers

Commercial Bank of Ceylon in collaboration with Central Bank of Sri Lanka recently conducted two Financial Literacy Programs in Nawalapitiya for Green Leaf suppliers.

A group of 463 Green Leaf suppliers of the Harangala Tea Factory participated in this program, the fifth such Financial Literacy Program conducted by the Bank for micro and agriculture related entrepreneurs this year. The program was held at the Harangala Tea Factory and was attended by several officials of the bank and the tea factory.

The Bank’s objective in conducting these programs is to enhance the financial literacy level of micro entrepreneurs.

The resource person for the program was Mr Aruna Deegala, Regional Manager, Central Bank of Sri Lanka, Nuwara Eliya Office, an experienced speaker on financial literacy and business development.

Commercial Bank also supported this customer segment with the launch a Hybrid Debit Card cum Identification Card coupled with Sony ‘FeliCa’ Near Field Communication (NFC) technology last year. This personalized card enables the automation of calculation of the payments to leaf suppliers. These payments are instantly transmitted to a central server by a data acquisition device, and then transferred to their savings accounts at Commercial Bank.

Commercial Bank has been conducting awareness programs for Micro Entrepreneurs in different sectors of business in many areas of the country.

These programs are supported by the bank’s 16 Agriculture & Micro Finance Units which play a key role in helping the Bank to identify specific needs of Entrepreneurs who require assistance to develop either their agriculture activities or micro businesses, and are dedicated to promote agriculture lending and micro finance.

Commercial Bank’s Agriculture & Micro Finance Units are located in Ratnapura, Narammala, Kandy, Anuradhapura, Kilinochchi, Bandarawela, Wellawaya, Hingurakgoda, Galewela, Achchuveli, Vavuniya, Kattankudy, Tissamaharama, Neluwa, Pottuvil and Akkaraipattu.

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