LOLC Myanmar is a member of Sri Lanka’s LOLC Group of companies which was established in year 2013 as a green field operation.it currently operates in Yangon, Bago Magway , Mandalay, Sagaing regions and Mon state and the Shan state serving approximately 260,850 clients, over 90% of whom are women. LOLC Myanmar is a deposit taking microfinance institution run by women (representing 75% of the staff) for women. The company provides financial services such as group loans, individual loan products developed to cater for employees, micro & small businesses and the agricultural sector with seasonal incomes; voluntary & compulsory savings; a credit risk mitigating instrument to protect clients from external shocks; and financial literacy training. LOLC Myanmar has consolidated its position in the highly competitive market in Myanmar and is currently considered to be among the top 05 MFI’s in Myanmar.
Access to reliable and affordable energy is essential for a country’s development, job creation, and poverty reduction and shared prosperity goals. When LOLC entered Myanmar in 2013, over 70 percent of the country’s population (36Mn people), had no access to electricity. In the rural areas, 84% ...
- LOLC Myanmar signed an MOU with the ‘Social Performance Task Force’ ( RIFF-SEA )
- USAID in Myanmar partnered with LOLC to issue a $10 million with Development Credit Authority (DCA) loan portfolio guarantee
- LOLC has also obtained the SMART Campaign Client Protection Certification in April 2019 as one of MFIs out of two SMART certified MFIs in Myanmar.
- LOLC Myanmar Micro-finance received USD 2mm as a capital infusion during the first week of March 2020. With this capital infusion, LOLC Myanmar total equity is USD 2,000,000 and total paid-up capital has increased up to 16,427.346.