Bridging The Trade Financing Gap For Sri Lankan Small Businesses, With Lakshan De Silva (iLoan)

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Recycling is a good thing right Well in that case let me recycle this from yesterday s show notes Most consumers borrow to manage expenses It s different for SMEs though who often borrow to drive income As such being denied credit is not just about having their lifestyle curtailed it s about having the business growth and sometimes even their business survival put at risk When iloan launched back in 2018 the lending market in Sri Lanka was 5 billion almost 40 was which was raised from loan sharks and individuals who have very dubious practices of charging excessive interest rates as well as very unpleasant collection methods Lakshan da Silva is a Sri Lankan serial entrepreneur whose goal is to fix this for mom and pop stores around the island Lakshan is very approachable on LinkedIn https www linkedin com in lakshan-de-silva-a9b11328 Or you can look into his many ventures iLoan is at https www iloan lk HyperGlase is at https hyperglade com Spectrify is at http www spectrifyai com Also and I really hate to link this but if you re interested in the terrible cricket game in question you can see the drama here https www youtube com watch v TKeOX9AAJXg I hate-watched it and was just reminded that poor old Lance Klusener was involved again that guy deserved better You can learn more about myself Brendan le Grange on my LinkedIn page feel free to connect my action-adventure novels are on Amazon some versions even for free and my work with ConfirmU and our gamified psychometric scores is at https confirmu com and on episode 24 of this very show https www howtolendmoneytostrangers show episodes episode-24If you have any feedback questions or if you would like to participate in the show please feel free to reach out to me via the contact page on this site And finally if you re in need of more banking podcasts you can find related content at https blog feedspot com banking podcasts Regards Brendan Hosted on Acast See acast com privacy for more information Click here to visit this podcast episode