Ruwan Jayakody

Commercial Credit and Finance PLC

Fourth October 1982 witnessed the birth of Commercial Credit Limited in the hill capital of Kandy. The Company, registered as a Finance Company under Finance Companies Act No. 78 of 1988 under the Monetary Board of Central Bank of Sri Lanka from a steady foundation laid over a period of 28 years has re-emerged as the NEW KID IN THE BLOCK with the shifting of the main operations of the Company to Colombo in March 2010. During the initial stages of operations, the Company was mainly focused on lending to the Agricultural sector with this sector accounting for over 50% of the lending portfolio. Although the Company had 16 locations spread around the country, the traditional agricultural regions of the country, such as Anuradhapura, Dehiattakandiya, etc., accounted for the bulk of the business of the Company. A key achievement of the Company during its first phase of the existence was the inculcation of a very strong culture of Process and System driven mind set. This has resulted in the development of a highly advanced Management Information System (MIS), enabling the Company to manage day-to-day operations with a very lean staff structure. The Process Mind Set also enabled the Company to obtain ISO 9001:2008 in October 2006 for enhanced quality management compliance.