Kanrich = Kan Rich = Can Rich@Chinwi wrote:What is this ?
This statement is taken from Kanrich Annual report:
"The word Kanrich is a Sinhalese word meaning mutual wish or the agreement of a group. It signifies our philosophy of ....."
Can any person who knows Sinhala explain this ?
Mata me wage sinhala wachanayak ennema naha
Both CIFL & Kanrich wanted their customers to get rich initially and when they feel the taste, they'll come back and put more and more money withdrawing from other places too..
This is like how some traveling companies promote their business by offering accommodation free or for a concession rate to various countries under the guise of raffle-draws hoping that the potential candidates will use their accommodation next time and spread the word of mouth.
How'd these finance companies done it? They offered their customers higher FD rates than what's approved by CB.
To evade the regulations, they give some portion of the interest upfront, following Sakvithi's
Do we have to anticipate a downfall further???
I dont think shehani perera knows anything here either... Is she/he trying to mislead us when we have some idea on this case?? Shame haa