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List of Countries

Tanzania

LOLC Group ventured into Tanzania in 2021 as part of the group's strategy of expanding its footprint in East Africa with the acqusition of a controlling stake in Tujijenge Tanzania Financial Services Limited

  • $1,136

    GDP per capita
  • 62.0 Mn

    Population
  • $1.0 Mn

    Gross loan portfolio
  • 5

    No. of branches
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Tujijenge Tanzania Limited

In 2021, LOLC acquired controlling interest in Tujijenge Tanzania, a non-deposit-taking microfinance institution, which was incorporated in 2006. Under LOLC ownership, the company will be converted to a deposit-taking microfinance institution providing financial services through group and individual lending to MSMEs. Currently, the entity offers auto loans, business loans, and salary loans to its clients.

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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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