LOLC Micro Credit Ltd
LOLC Micro Credit Ltd. (LOMC) in Sri Lanka is a microfinance institution that forms part of the successful Lanka Orix Leasing Group. Lanka Orix Leasing Group has built up a solid position since 1980 as a provider of leasing and insurance products. LOMC started in 2009 by taking over a part of the Lanka Orix Leasing Group Microleasing portfolio. the institution primarily focuses on rural areas in Sri Lanka where it issues leasing products to farmers and group loans to women. Triodos Microfinance Fund, Triodos Fair Share Fund and Hivos-Triodos Fund have provided LOMC with a loan to enable the institution to expand its loan portfolio further.
KEY INDICATORS LOLC Micro Credit Ltd at year-end 2012:
- number of loan clients: 143,174
- percentage female clients: 66%
- percentage rural clients: 92%
- average loan amount: EUR 624
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.