LOLC MICRO CREDIT LIMITED
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
LOLC Micro Credit Limited (LOMC) is a long standing FMO client in Sri Lanka. LOMC is a microfinance company providing small leases for three-wheelers (and some two-wheelers and cars), tractors/light trucks and other agri-equipment. They also provide gold pawn loans and loans to women groups.
What is our funding objective?
The objective of this grant is the implementation of three different modules focused on building a five year strategic plan to nurture the LOMC talent pool and improvement of processes.
Why do we fund this investment?
The three modules help LOMC to position itself as a long-term partner for its clients and serve its clients (in rural areas) sustainably and efficiently.
More investments
| Date | Total FMO financing |
|---|---|
| 7/21/2017 | USD 3.00 MLN |
- Website customer/investment
- http://www.lankaorix.com
- Region
- Asia
- Country
- Sri Lanka
- Sector
- Financial Institutions
- Effective date
- 10/9/2015
- End date
- 7/12/2016
- Total FMO financing
- EUR 0.04 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B