NDB Bank partners Hatch and NCGI to empower startups with collateral-free business loans

NDB Bank, in collaboration with the National Credit Guarantee Institution Ltd., (NCGI) and Hatch Works, recently hosted a focused awareness session at Hatch Innovation Hub in Colombo to introduce Sri Lankan startups to the benefits of the NCGI-backed loan guarantee facility.

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This initiative marked a significant step in expanding access to finance for emerging entrepreneurs, particularly in the IT and technology sectors.

The session was attended by over 40 startups and small to medium-sized enterprises (SMEs), with representation spanning diverse industries including agriculture, manufacturing, digital solutions, and services. The key objective was to shed light on the National Credit Guarantee mechanism—an empowering facility that enables entrepreneurs to access business loans without the need for traditional collateral. Once a business is backed by the NCGI guarantee, the guarantee itself serves as the security for the loan, significantly improving access to finance for early-stage businesses.