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The LOLC Group planned to merge Lanka ORIX Finance Company with the group's microfinance firm, LOLC Micro Credit Limited. [6] The company joined the electronic fund transfer network LankaPay in 2015. [7] Lanka ORIX Finance changed its name to LOLC Finance at the end of 2015. [8] The proposed merger of LOLC Finance and LOLC Micro Credit realised ...
LOLC Holdings PLC is a Sri Lankan conglomerate listed on the Colombo Stock Exchange (CSE). Originally starting as a non-banking financial company LOLC has grown into one of the largest Sri Lankan conglomerates involved in many sectors and subsidiaries in several countries although it is still mainly involved in the financial sector.
The institution was founded in 2005, as Unguka Microfinance Limited, [4] by 215 investors with total capital of about US$538,400 (RWF:321.1 million). In 2008, the bank's processes were automated. [5] In 2012, the institution transformed into a microfinance bank, following the issuance of a microfinance banking licence by the National Bank of ...
Under his leadership, LOLC also reached total assets amounting to 1.008 trillion as of December 2018. [7] [8] In 2019, he eventually toppled Dhammika Perera to become the richest person in Sri Lanka after a Korean bank came forward with interest and intention to buy the LOLC's subsidiary Cambodian microfinance arm for a staggering US$603.4 million.
LOLC may refer to the following topics: LOLC Holdings, Sri Lankan conglomerate; LOLC Finance, Sri Lankan financial company; LOLC Cambodia, Sri Lankan bank; See also
This is the Central Bank of Kenya's list of Licensed Microfinance Banks, updated in August 2024. [3] Caritas Microfinance Bank Ltd; Branch Microfinance Bank Ltd; Choice Microfinance Bank Ltd; Daraja Microfinance Bank Ltd; Faulu Microfinance Bank Ltd; Kenya Women Microfinance Bank PLC; Rafiki Microfinance Bank Ltd; Lolc Kenya Microfinance Bank PLC