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BACKGROUND
Since 2003 the LOLC Group has been carrying out microfinancing activities in Sri lanka and LOLC Micro credit Ltd (LOMC) was established in 2009 to accelerate & expand the business. LOMC is a subsidiary of LOLC PLC with FMO (The Netherlands Development Finance Company) owning a 20% stake of LOMC as its shareholder. Operating under the brand name LOLC Isuru Diriya, LOMC already has a far reaching network of branches in Sri lanka. The company is among the largest microcredit providers in Sri Lanka and works in agriculture centric districts, providing individual as well as group loans for micro entrepreneurs. LOMC is currently the largest agriculture implements financier in the country and the only microfinance provider with strategic partnership with SL Post to deliver microloans through Post Offices.
VISION
To be the private sector catalyst in promoting sustainable development in Sri Lanka by empowering people to achieve their dreams by providing access to finance and related services.
MISSION
- Adopt a triple bottom line approach to business
- Deliver integrated financial services to rural Sri Lanka in a cost effective way
- Support employment creation and income generation
- Promote gender equality
- Support environmental awareness both related to own business and at client level
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