IRSD PROJECTS
Second Phase of the New Initiative
Establishment of Women Entrepreneurs Cooperative (WEC)Preparation of the Roadmap for Women Entrepreneurs Cooperative (6 Months)
Date: 30th January 2025
Venue: Auditorium of the Department of Cooperative Development (Central Province)
Introduction
The IRSD, in collaboration with the Department of Cooperative Development – Central Province, has taken a groundbreaking step in establishing the Women Entrepreneurs Cooperative (WEC). This initiative marks a significant milestone in fostering women’s entrepreneurship by providing them with a structured platform to scale their businesses, access financial resources, and build sustainable networks.
The second phase of the Women Entrepreneurs Cooperative (WEC) initiative was successfully launched on 30th January 2025, with the participation of 71 women entrepreneurs and officials from the Department of Cooperative Development.
The workshop was inaugurated by Mrs. Shirani Weerakoon, Chairperson of the Institute for Rural Sustainable Development (IRSD), who emphasized the significance of defining a clear roadmap to ensure the sustainability and growth of the cooperative.
Recognizing the cooperative sector as a key economic driver for rural development, as outlined in the current government’s policy framework, the WEC is poised to play a vital role in enhancing business opportunities for women entrepreneurs in alignment with cooperative development initiatives.
Mr. Susantha Amiyangoda, the District Officer of the Department of Cooperative Development, provided an insightful explanation of the legal framework for establishing the Women Entrepreneurs' Cooperative (WEC). He highlighted the essential legal provisions, regulatory requirements, and cooperative principles that guide the formation and operation of the WEC. His presentation emphasized the significance of a strong legal foundation in ensuring sustainability, accountability, and effective governance within the cooperative structure.
Ms. Sumedha Kumaraarachchi -Manager, Rural Upliftment of SANASA Development Bank delivered an insightful speech on cooperative entrepreneurship, highlighting its vital role in fostering sustainable economic growth and community development. She emphasized how cooperative enterprises empower individuals by promoting collective decision-making, shared responsibility, and equitable profit distribution. Drawing from real-world examples, she illustrated how cooperative models create opportunities for small-scale entrepreneurs, especially women, to thrive in competitive markets. Her speech also underscored the importance of collaboration, trust, and innovation in ensuring the long-term success of cooperative ventures.
Key Highlights of the Workshop
- Official establishment of the Women Entrepreneurs Cooperative on 30th January 2025.
- Selection of office bearers and committee members as per the regulations of the Department of Cooperative Development.
- Development of a six-month roadmap outlining strategies for Capacity Development, income generation, fundraising, and membership expansion.
The participants enthusiastically showcased their interest in establishing the Women's Entrepreneurship Council (WEC) and actively engaged in the discussions throughout the event. Their commitment was evident during the group work sessions, where they collaboratively shared insights and innovative ideas. With a strong sense of purpose, they contributed valuable suggestions to shape the roadmap for WEC, ensuring it aligns with the aspirations and needs of women entrepreneurs in the region. Their active participation and collective vision reflected a deep dedication to fostering a supportive and empowering entrepreneurial network.
Officials and committee members appointed
We are pleased to introduce the officials and committee members appointed to the Women's Entrepreneurship Council (WEC). Comprising women entrepreneurs dedicated to take forward this initiative. This team will play a vital role in driving the WEC’s mission to empower women entrepreneurs to support the growth of women-led enterprises. Their leadership will be instrumental in shaping a strong and sustainable future for women entrepreneurs in Kandy District.
Special Thanks
We extend our heartfelt gratitude to Mrs. Chamila Wijerathne, Commissioner of the Department of Cooperative Development, for her invaluable support in making the necessary arrangements to conduct this workshop. Our sincere appreciation also goes to the dedicated officials of the department for their cooperation. A special thank you to Manel Jayaweera, Sandhya Herath, and Depani Dawlagala for their voluntary efforts and unwavering support in ensuring the success of this event. Your contributions have been instrumental in empowering women entrepreneurs and making this initiative a meaningful one.
Conclusion
The roadmap developed during this phase provides a clear and structured plan to empower women entrepreneurs and drive the cooperative towards long-term success. With dedicated efforts, strategic partnerships, and community engagement, the Women Entrepreneurs Cooperative is set to become a model for sustainable women-led economic development in Sri Lanka.
