Hatton National Bank with Wonrich Dairy to enhance dairy sector

HNB Acting CEO Damith Pallewatte (fifth from left) exchanges the MoU with Wonrich (Pvt.) Ltd CEO/MD R.M.C.P. Rathnayake (sixth from left) in the presence of (from left) HNB Nikaweratiya Branch Manager Akeel Ahamed, HNB Regional Business Head NCR Nirosh Edirisinghe, HNB Head of Microfinance Mahinda Senevirathna, HNB DGM SME and Micro Finance Rajive Dissanayake, Wonrich (Pvt.) Ltd HR Manager E.M. Darmasiri Ekanayake, Wonrich (Pvt.) Ltd Assistant Manager D.M.C.B. Dissanayake, HNB Relationship Manager MF/NCR Hiran Karunarathna and HNB Micro Finance Manager Amila Jayasekara

HNB PLC recently announced a strategic partnership with Wonrich Dairy (Pvt.) Ltd under its value chain financing initiatives, marking a significant step towards enhancing the dairy sector in Sri Lanka.

This collaboration aims to empower dairy farmers by providing tailored financial solutions and support while offering them access to customised financial products, technical assistance and essential resources.

“Our partnership with Wonrich Dairy is a significant step in our commitment to uplifting Sri Lanka’s dairy farming community. This collaboration reflects our dedication to providing innovative financial solutions that catalyse growth and development in the agricultural sector. Our association with Wonrich Dairy underscores our shared focus on empowering local farmers and promoting sustainable agricultural practices, which is also a testament to our efforts in driving meaningful transformation within this vital industry,” said HNB DGM SME and Micro Finance Rajive Dissanayake.

The key benefits of this partnership include tailored financial products that enable farmers to invest in modern farming techniques and equipment, comprehensive training programmes and technical support to help them adopt best practices, facilitated access to high-quality inputs like feed, veterinary services and breeding stock and the creation of a robust value chain that supports farmers from production to market, enhancing their income and sustainability.

“Through this strategic partnership, HNB and Wonrich Dairy are united in our vision to cultivate a sustainable and prosperous future for Sri Lanka’s dairy farming community,” said Wonrich Dairy MD/CEO R.M. Ratnayake.

The initiative will involve over 12,500 dairy farmers from across various regions of Sri Lanka. These participants will benefit directly from the financial products, training and resources provided through this partnership.