Double celebrations for People’s Merchant Finance

People’s Merchant Finance PLC (PMF) Chairman Chandula Abeywickrema and Assistant Governor of Central Bank of Sri Lanka (CBSL) J. P. R. Karunaratne after ceremonially opening the new Head Office of PMF

People’s Merchant Finance PLC (PMF) relocated its Head Office and Corporate Branch to prime locations in Colombo recently whilst launching the Navodhaya Entrepreneur Loan Scheme.

The head office is now at 361,361/1 R. A. De Mel Mawatha, Colombo 03, and its Corporate Branch is now at 47, Dharmapala Mawatha, Colombo 03, where both prime locations selected to make the institution more accessible for its clientele.

Assistant Governor of Central Bank of Sri Lanka (CBSL) J. P. R. Karunaratne who graced the opening of PMF Head Office and the launch of Navodhaya Entrepreneur Loan Scheme as the Chief Guest stressed about the importance of financing the Micro, Small and Medium Entrepreneur (MSME) sector. He said giving entrepreneur loans is a ‘vital element’ of the Sri Lankan economy.

PMF’s Navodhaya Entrepreneur Loan Scheme has an ambitious footing. This product is aimed at Sri Lanka’s emerging entrepreneurs and supports the national initiative to encourage local business operations to drive economic growth. One of the key objectives is to create a unique role model financing institution that can be used as a success story.

Chairman of PMF Chandula Abeywickrema said they hope to be a trailblazing organization not just in the country but the whole region.

“Today the SMEs are struggling because so much of financing is done and not educating them of what is needed by them. It is important that the dynamism comes from the team. How you could really transfer value to the customers in the right way, to take the customer to his destination. When you take the customer to his destination, we will be automatically reaching our destination,” he said.