Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Lanka Orix Leasing Company (LOLC) Group announced that the group is aiming to offer its micro-finance offerings to one billion customers by further expanding into the South Asian and Mekong regions.

Lanka Orix Leasing Company (LOLC) Group announced that the group is aiming to offer its micro-finance offerings to one billion customers by further expanding into the South Asian and Mekong regions.

View previous topic View next topic Go down  Message [Page 1 of 1]

Harry82

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Lanka Orix Leasing Company (LOLC) Group announced that the group is aiming to offer its micro-finance offerings to one billion customers by further expanding into the South Asian and Mekong regions.
Speaking exclusively to Ceylon FT recently, LOLC Group Chief Operating Officer (COO) & Chief Legal Officer (CLO) Kithsiri Gunawardena said, "Our target is to have a client base of one billion customers in South Asia and Mekong regions. We are already operating in Cambodia, Pakistan and Myanmar and plan to expand into Indonesia, Philippines, Vietnam and Laos."


Gunawardena also announced that the group is concluding a transaction to acquire a micro-finance firm in Indonesia for US$ 2-3 million by end of next month. Commenting on the investment, he said that the Group's strategy always have been to start small and grow gradually by identifying the customer, which is a key growth factor in micro-finance sector. Further commenting on LOLC's success in the micro-finance sector, he pointed out that LOLC micro-finance has been recognized as one of the best micro-finance models in the world and it's the foreign funding agencies which initially pushed LOLC for foreign expansions.
Gunawardena emphasized that the country's micro-finance sector still has immense potential as there are 8 million households which are in poverty with restricted access to formal financing.

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum