List of Countries
Nigeria
LOLC made its first investment in African region with the acquisition of a controlling stake in Fina Trust Microfinance Bank in 2018. Nigeria, a very populous country with a financial inclusion rate of 64%, presented tremendous potential to roll out LOLC's highly successful MSME model which specializes in serving bottom-of-the-pyramid entrepreneurs
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$ 2,184
GDP per Capita -
218.5 Mn
Population -
$ 4.8 Mn
Gross Loan Portfolio
Fina Trust Microfinance Bank Limited
LOLC made its maiden venture into Africa in 2018 by acquiring controlling stake in Fina Trust Microfinance Bank, one of the leading microfinance institutions in Nigeria. The company caters to individuals, MSMEs, and employees through the provision of loans, savings, and customized financial products.
