Lankan Marketing Professional honoured by C’wealth Uni of the UK

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Commonwealth University of the United Kingdom has recognised the services of Geethalal Victor Ratnayake by awarding him an honourary Doctorate Degree of Business Administration (DBA) at the Dubai Leadership Summit Award Ceremony, held on 31 March 2022 at the Rolla Residence Hotel, Dubai, in the presence of Top Business Executives, Business Owners, Business Leaders and other professionals across the globe.

Victor Ratnayake was the pioneer of the ‘Grameen Concept’ in Sri Lanka on the invitation of Dr. Lalith Kothalawala in 2000.

‘Grameen Concept’ is a system to practise Microfinance in a professional, scientific way and reduce poverty in any country. The ‘Concept’ is not concentrated only on bottom line but development of needy Entrepreneurs who are engaged in small and micro level income generating business projects and to uplift their family life standards.

Millions of needy poor people are benefitted and thousands of unemployed educated youth are found employment to serve the country as a result of introduction of ‘Grameen Concept’ to Sri Lanka by Victor Ratnayake in 2000. Many of them are now Business Leaders spread all over the country.

Ratnayake was trained by Professor Muhammad Yunus of Bangladesh in 1999. Prof. Yunus was the Founder of ‘Grameen Concept’ and won the Nobel Prize in 2006 for the introduction of ‘Grameen Concept’ to the world. The system offers funding for micro level business projects without any Guarantors and without any Collateral and guides them towards successful projects. 

Microfinance is one of most effective tools to uplift the economy from bottom to top which will bring foreign exchange to the country and eradicate poverty at village level by uplifting the micro level Enterprises to the upper level of the economic stage.

Victor Ratnayake was also recently recognised by the London Business School, United Kingdom and awarded Master Class Certification in Business Management and Leadership.

Victor Ratnayake completed his First Degree at the University of Peradeniya Science Faculty and is a Fellow Member of Chartered Institute of Marketing, United Kingdom.  He is a Post Graduate Diploma Holder in Marketing of University of
Sri Jayewardenepura and Certificate Holder in Retail Merchandising and in-depth Retail Merchandising in Canada and Singapore.