Sarvodaya Development Finance: Fastest Growing Development Finance Company
Sarvodaya Development Finance (SDF), the financial services arm of the Sarvodaya Movement, has won global recognition as the fastest growing development finance company in Sri Lanka, at the UK based, Global Banking and Finance Review Awards 2021.
The international award, which is valued throughout the global banking and financial community, recognises companies in the financial sector that specialise and excel in their chosen field. Nominations are reviewed for suitability and the judging panel, comprising a research team, an editor and a publisher select a winner. The high level of global competitiveness in applications and independent judging process makes the Global Banking and Finance Review Awards a globally prestigious vote of recognition.
This international recognition of SDF as the fastest growing development finance company in Sri Lanka, reflects SDF’s contributions towards its customer segments over the years, and in particular during 2020,when SDF extended extensive support for Sri Lanka’s SMEs. While continuing to serve all customer segments during the unexpected emergence of the COVID-19 pandemic, by facilitating uninterrupted availability of financial solutions for enterprises, entrepreneurs, individuals and their families, SDF was quick to respond to the urgent needs of SMEs during this time. Sri Lanka’s SMEs were the most vulnerable to market shocks, including the sudden and total loss of orders and supplies, and experienced a real threat to their survival during the prolonged periods of national and global lockdowns.
Instead of forsaking the struggling SMEs during these dark months, SDF has stood shoulder-to-shoulder with its entrepreneurs and supported them both psychologically as well as financially, by immediately allowing them to benefit from the repayment moratorium, while also assisting them to develop recovery plans. SDF’s customer welfare approach, has encouraged many customers to return for financial services, which has resulted in an unprecedented growth in company assets and profits. As a financial services provider, SDF has created value in all aspects of its services, and in particular in developing the businesses and wellbeing of customers, while safeguarding envisaged cash inflows and outflows. Therefore, SDF firmly believes this approach hasmade SDF stand out from other financial services providers, to become the fastest growing development finance company in Sri Lanka.