PB launches ‘People’s Spark’ to mark World MSME Day

Sujeewa Rajapakse presenting a People’s Spark loan. CEO/GM Clive Fonseka and Deputy General Manager-Enterprise Banking Wickrama Narayana look on

People’s Bank celebrated World Micro, Small, and Medium-sized Enterprises Day by launching the People’s Spark loan scheme at a special event held at the People’s Bank Staff Training College auditorium in Colombo 5 recently.

The event was attended by People’s Bank Chairman Sujeewa Rajapakse, Chief Executive Officer/General Manager Clive Fonseka, Deputy General Manager-Enterprise Banking Wickrama Narayana as well as the bank’s corporate and executive management team members.

The Chief Guest of the event was Janaka Mayakaduwa Director of Alpex Marine (Pvt) Limited in Wattala. During the event, a customer who benefitted from the first phase of the People’s Spark programme, Sajith Rajapakse, Director of Ceylon Valley Agro Products (Pvt) Limited of Embilipitiya, shared his experiences with the audience.Additionally, 15 customers who applied for loans under the People’s Spark programme were officially presented with their loans.

People’s Spark is a loan scheme launched by People’s Bank to develop micro, small, and medium-sized young entrepreneurs who have completed their primary, secondary and tertiary education. Applications for People’s Spark loans can be submitted by following instructions on the People’s Bank website. Customers can obtain loans at annual interest rates starting from 7% while the young entrepreneurs can also benefit from valuable business advisory services.