Business Times

Loans from YBSL to women entrepreneurs in Kandy

Youth Business Sri Lanka (YBSL), a youth entrepreneur assistance programme at the Ceylon Chamber of Commerce, has provided loans to the value of Rs 250,000 to women entrepreneurs in Kandy to start and expand their business, a spokesman for the YBSL said.

Organized and coordinated by the Chamber of Commerce and Industry of Central Province, 10 women who have been trained under the GAP skill development programme received these loans, last week, according to a YBSL statement.

As a corporate social responsibility initiative of the international apparel company, GAP Inc, the Ceylon Chamber of Commerce is implementing a skill development programme in the districts of Kandy and Galle together with the respective district chambers. The GAP programme targets the immediate women family members of the GAP employees in the Kandy District and provides them with a comprehensive skill development and exposure on a chosen trade. The CCC, so far has conducted over thirty five such programmes and trained over four hundred women in both the districts.

The YBSL programme supports enterprising youth who has a viable business plan, aged between 18-35 years, but do not have collateral to raise funds; through a concessionary credit facility for business start up and expansion.

The initial credit assistance is limited to Rs 50,000 and to be paid back in 12 months. The specialties of the YBSL credit programme are that the loans are given based on the viability of the proposed business. In addition, the enterprising youth is linked to an experienced business person as a mentor.

Chief guest at the event, W. Weeraratne of Bake House fame, and also the founder chairman of the Kandy Chamber, said that the women beneficiaries who received the financial assistance today should think they are fortunate, since if they started businesses in the earlier days there was nobody to help. Developing self confidence, and the desire to excel in whatever the work they do are very important to succeed, he further added.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
BOC'S new full banking unit in the UK
Garments: Where are the election promises?
HSBC targets South, North Central for branch expansion
IMF mission due shortly
Post conflict corporate earnings to surge
'New' SriLankan girl next week
‘Political’ package?
Comment - Gloom, good news and Lankan multi -nationals
Psychological issues in the workplace
INSEAD professor's new book offers insights for business success in China
Managing air travel risk – the test in the sky
Computer buyers must watch out for old technology
Fast-moving Hemas pins hopes on healthcare, leisure, power
2,000 ex-combatants opt for IT
Taj Hotels wins another global award
Business psychology discussion at the Sunday Times Business Club
Dialog, HSBC in mega deal on a joint loyalty scheme
Hameedia celebrates Valentine’s Day
Jaffna Education Fair in September
Tigo sponsors Infotel Jaffna 2010
Boat and yacht building venture starts in Sri Lanka
Lankan business offered a new software solution from Proteus-Kingslake
Leo Burnett announces management promotions
More than 30 bank branches to open in Jaffna this quarter
Hayleys records highest ever 9-month net profit of Rs 1.3 billion
Industry leaders to gather at first ever Halaal Conference in Sri Lanka
Bigger and better shopping at rejuvenated Cargills Food City, Staple Street
Sunshine Holdings posts strong financial results
Sri Lanka has a global edge with its talent pool
Ceylinco Life initiates ‘Life Insurance Week’ for 3rd consecutive year
Counterfeit “MAPED” stationery seized
BAM backs campaign against global warming
First Capital Holdings reports post-tax profit Rs 619.5 mln
United Tractor introduces Bitelli BB650 asphalt paver to Sri Lanka
Supreme Court takes up hedging cases
3.5% growth forecast for 2009-CB report
Richard Pieris net profit down
Majority in BT poll say Fonseka arrest will affect business confidence
Kelani Valley shows gains, cuts losses, aims for better 2010
Loans from YBSL to women entrepreneurs in Kandy
HR awards recognise companies that have withstood economic pressure
Two SL products to be launched at Mobile World Congress
Amba among top three research knowledge outsourcing vendors
Developed countries interest in entrepreneurship 'heightened'
Deutsche Bank launches online trade payable financing solution in Sri Lanka
Andra Pradesh offers expertise on SME, agriculture
New Deputy Governor at the CB

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution