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Wood Carving Project

Name of Borrower: Mapalagama Palliyaguruge Udeni Ramyalatha de Silva
Address: Heenpella, Galle
Branch: Karapitiya

 

Ramyalatha and her husband started their wood carving project at their house at a very small scale. She had interest in starting this project emanated from the experience she had received from her father. The project did not grow due to lack of raw materials and equipment. She invested her first loan of Rs. 10,000/ from Lak Jaya in 2007 to buy raw materials and to repair the workshop. With the expansion of business in each loan cycle they constructed a separate workshop and added two employees and currently the project employs four additional hands. The project has grown steadily over the years and their monthly turnover has grown to around Rs.300,000/and profits of around Rs. 100,000/ per month. She faced many problems during her journey with the project. In the initial period she had to face the problem of marketing her products. The husband had taken their products to tourist for selling directly to them. They also had to face the problems of getting the raw materials at reasonable price. However, they sought financial assistance to buy raw materials and sale of products directly to foreign tourists had given them a bigger margin. The project is a family project in which the son and the two parents are engaged. They hire two other persons for assisting in finishing work on piece rate.

The family has expanded the project capacity by installing two machines for mechanization of the production process. Her expectation is to buy a lorry for transport of raw materials and finished products and to start sales outlet in the tourist area of Hikkaduwa town.