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List of Countries

Kyrgyzstan

Kyrgyzstan was the first country in Central Asia to adopt the law “on microfinance organisations” under which MFIs can determine their own size of loans and interest rates as well as commission rates. As of September 2020, there were 130 microfinance institutons and 95 credit unions. However, the poverty rate at national poverty line was at 25.3%. In 2022 LOLC entered Kyrgyzstan to serve this cohort.

  • $ 480

    GDP per Capita

  • 8.4 Mn

    Population
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ABN Microfinance Limited

ABN Microfinance was incorporated as a credit union in 1998 and was recognized as a microfinance company in 2014. LOLC acquired controlling stake in ABN in 2022. The company currently offers four main product types, consumer loans, business loans, agriculture loans, and quick loans.

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Latest News

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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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