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List of Countries

Cambodia

As LOLC's maiden overseas investment, in 2007 the Group acquired an 18% stake in PRASAC Microfinance Institution in Cambodia and subsequently increased its shareholding to 70%. Over the years, PRASAC grew into the largest microfinance company in Cambodia, with total assets amounting to USD 3.6 Bn as of year end 2020, a matter of pride for the LOLC Group. In FY21 the largest commercial bank in the Republic of Korea, Kookmin Bank, acquired 70% of PRASAC. Currently, LOLC has its presence in microfinance and microinsurance segments through LOLC (Cambodia) Plc. and Serendib Microinsurance Plc.

  • $1,591

    GDP per capita
  • 17.1 Mn

    Population
  • $1.2 Bn

    Gross loan portfolio
  • 81

    No. of branches
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LOLC Cambodia PLC

LOLC Cambodia is a deposit-taking microfinance institution that offers a wide range of financial services. The company is positioned as Cambodia’s third-largest microfinance institution in terms of the number of clients, gross loan portfolio, and deposit balance. It has been one of the fastest-growing MFIs in Cambodia through innovative product development and automation initiatives.

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Serendib Microinsurance PLC (Cambodia)

LOLC ventured into the microinsurance space in Cambodia in 2021. The initial products envisaged are loan protection covers for borrowers of microfinance companies in Cambodia, providing a safety net to the borrower’s family members in the event of an unforeseen eventuality. Cambodia’s insurance penetration rate is very low at 1.04% while its middle class is the fastest growing in South East Asia.

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Latest News

LOLC becomes Mastercard’s first customer in Sri Lanka to join...

Sri Lanka’s most awarded and trusted Alternate Financial services brand, LOLC Al-Falaah recently unveiled their ground-breaking new product – the Wadi’ah Gold Loan Facility. This is the 1st time a Finance company in Sri Lanka is offering this facility. Al-Falaah Wadi’ah is a unique gold…

Mudharabah Super Savings – an account with Bonus Profits from...

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.

LOLC Al-Falaah unveils pioneering Wadi’ah Gold-Storage Facili...

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.

iPay enables cashless payments in Galle

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.

LOLC becomes Mastercard’s first customer in Sri Lanka to join...

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.
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