Female entrepreneurship is a vital piece of the puzzle when promoting inclusive economic prosperity for Sri Lanka and the world. Understanding this, DFCC Bank is building on it’s efforts to strengthen female entrepreneurs. In this endeavour, DFCC Bank’s Aloka product and services proposition, a total banking, financial and non-financial solution for women, recently partnered with the Women’s Chamber of Industry and Commerce as (WCIC) the Platinum Sponsor of the WCIC Prathibhabisheka Women Entrepreneur Awards 2022, powered by DFCC Aloka. The awards will recognize women entrepreneurs for their tenacity to scale, contribute, sustain and impact the broader economy. DFCC Bank’s commitment to women empowerment and financial inclusivity is enshrined in its sustainability strategy and framework. It is led by the DFCC Aloka proposition, which provides the features and benefits women need to succeed as individuals, professionals, and entrepreneurs.

Entries for the Awards are open to all female entrepreneurs and female-led businesses in Sri Lanka and the SAARC region. Entries will close on the 31st of October 2022, and the WCIC Women Entrepreneur Awards Ceremony 2022, Powered by DFCC Aloka, will be held in January 2023. The categories for entries include Start-Up, Micro, Small, Medium, and Large, based on each business’s annual revenue figures for 2021/22. Gold, Silver, and Bronze Awards will be presented for each category, along with “Best in the Region” awards, which will recognize the best female-led businesses in Sri Lanka’s provinces. Coveted special awards will also be presented, including Young Woman Entrepreneur, Outstanding Start-Up, Most Positively Abled Woman Entrepreneur, Most Outstanding Export Oriented Entrepreneur and Best of the SAARC Region. The Awards will culminate with the announcement and presentation of the flagship title, “Woman Entrepreneur of the Year 2022”.

Commenting on the partnership, Shera Hassen- Head of Pinnacle/Branch Banking Planning and Implementation at DFCC Bank, said, “We envision an equitable future where opportunity is open to all. Empowering women is a big part of making this vision a reality. DFCC Aloka is the frontal face of this endeavour, and we have partnered with global financiers to provide female-centric financial assistance for women entrepreneurs through this proposition. Our commitment to Sri Lanka’s women is consistent and we hope to draw more attention to female entrepreneurship, which we see as crucial for the future development and growth of Sri Lanka’s economy.”

DFCC Bank’s key objective is to fulfil dreams to life and create value for others under the theme “bank for everyone” and doing its best to support their efforts by empowering them with financial and non-financial support through DFCC Aloka and many other initiatives to fulfil their dreams and aspirations of the future. These include unique credit lines and other initiatives such as workshops and training sessions on entrepreneurship and leadership, including formal certifications provided by recognized organizations worldwide.

A female-centric, complete banking proposition, DFCC Aloka seeks to provide aspiring Sri Lankan females with the financial tools they need to succeed. Our 24X7 dedicated ALOKA hotline, supported by our Call Centre agents, will assist the callers in their prefeed language to offer the further comfort of clear communication. In addition to a branded credit card with female-centric benefits, DFCC Aloka account holders enjoy a complete 360 banking proposition with many unique benefits. These include a low initial deposit of just Rs. 1,000/-, preferential interest rates, free ATM withdrawals from any DFCC or LankaPay ATM across the island, free digital banking services and convenient safe home banking services via MTeller. They also receive pawning facilities at preferential interest rates, free life insurance up to 10 times the savings balance, and free digital health solutions in partnership with Doc990 for the account holder and up to 3 family members. On top of these benefits, DFCC Aloka also aids and facilitates funding arrangements to support female entrepreneurship, including grants.