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About

 

 

 

 

 

 

 

 

 

 

 

Vision

To create an efficient social enterprise that provides affordable and accessible financial services to low-income and marginalized communities, while adhering to the highest ethical standards and minimizing the environmental impact of its operations.

Mission

To provide innovative and tailored financial solutions to underserved communities in Myanmar, while fostering social and economic empowerment and environmental responsibility.

OBJECTIVES

To provide Microfinance and non-financial services to underprivileged people in Myanmar, enabling them to access financial resources , improve their livelihoods, and enhance their well-being, while reducing their environmental footprint. Microfinance services include micro-credit, micro-savings, and micro-insurance. Non-financial services include financial literacy training, business development support, and environmental education.

COMPANY’S BACKGROUND

LOLC Myanmar Micro-Finance Company Limited is one of the market leading micro-finance company in Myanmar. LOLC Myanmar is a wholly owned subsidiary of LOLC Holding Plc of Sri Lanka which is registered as a public listed company in Sri Lanka. LOLC Group is one of the leading conglomerates in Sri Lanka as well as the largest regulated microfinance provider in Sri Lanka. As LOLC Group has gained significant expertise in Microfinance operations and has invested in oversea expansion in the micro-finance business at Cambodia, Myanmar, Pakistan, Indonesia, Serier Lenon, Nigeria and the Philippines.

LOLC Myanmar has started its microfinance operations in Myanmar since the last quarter of 2013 and has expanded its business to reach Yangon, Bago, Mandalay, Magwe, Sagaing Regions, Shan and Mon State. The company provides financial services of loan and savings such as Group Loans, Individual Loan and products developed to cater the employees, micro & small businesses and the agricultural sector with seasonal incomes.

As LOLC Myanmar is a deposit taking Micro Finance Institution from the start of its business operations and has obtained the approval to operate, LOLC Myanmar contribute to meet the objective of the Myanmar Microfinance law in promoting savings as a habit among low income customers by providing Voluntary and Compulsory Savings services with an attractive interest to the benefit of its customers. In addition, the company provides a Credit Risk mitigating instrument to protect clients for external shocks, and provide financial literacy training to increase their credit knowledge in relation to their financial management and credit decision.

CORPORATE VALUES

Inclusion - We respect and value the diversity and dignity of our customers, employees, partners, and communities. We strive to ensure that everyone has equal access to opportunities and resources, regardless of their background, status or circumstances.

Innovation - We embrace change and challenge ourselves to find new and better ways to deliver our products and services. We foster a culture of creativity, learning and collaboration, where ideas are welcome and tested.

Integrity - We uphold the highest standards of ethics and professionalism in every thing we do. We are transparent, accountable and responsible for our actions and their impacts. We honour our commitments and deliver on our promises.

Impact - We are driven by our vision and mission to create positive and lasting change in the world. We measure our success by the social, economic and environmental outcomes we achieve for our customers, employees, partners and communities.

About

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 265694 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.