Who we are
We are the fastest growing microfinance institution backed by the largest non-banking financial conglomerate in Sri Lanka – the LOLC Group, seeking to create entrepreneurs out of the ‘un-bankable’ across our nation.
LOLC Micro Credit Ltd., (LOMC) was set up in partnership with the internationally triple rated FMO (The Netherlands Development Finance Company) and is licensed by the Central Bank of Sri Lanka. LOMC became operational from January 2009.
Today, we are one of the largest microcredit providers in Sri Lanka, covering all districts of the country, and the leading financier of agricultural-implements. As a non bank financial institution, this is a significant achievement that we have attained in our short history.
Being a rural based micro finance provider with extension into the small business sector, we have been instrumental in empowering rising entrepreneurs from the grass root level. Through our group and individual lending schemes, we have targeted women, small entrepreneurs and farmers, and become a pillar of financial strength in their journey towards becoming a viable business enterprises.
LOMC is a first in the region which puts to use a unique business model that promotes sustainable development from within the rural based communities it works with. By empowering the rising entrepreneurs to overcome the income disparities found at the grass root level, we make a significant contribution towards poverty eradication and subsequently, towards the overall socioeconomic development of the country.
The nearly 3-decade long experience of the LOLC Group in working with the SME sector has helped LOMC design micro-financing that is understood by rural Sri Lanka. We work with the ideas of people, mobilize communities, assist in strategizing business ventures, use scarce resources within their reach and deliver flexible microfinance that turns enterprises into economically sustainable livelihoods.
Thus, our brand name “LOLC Isuru Diriya” has become synonymous with delivering ‘need-based’ financial products and services which go beyond microfinance. LOLC Isuru Diriya Centres were set up consequent to the strategic partnership established between LOLC and Sri Lanka Post to offer micro credit services to rural communities at interior locations around the country. With a vast network of over 600 Post Offices and over 3,000 Sub-Post Offices located across the island, Sri Lanka Post gives LOMC the opportunity to connect with the rural masses.
Our Vision & Mission
‘To be the private sector catalyst in promoting sustainable development in Sri Lanka - by empowering people to achieve their dreams through access to finance and related services’ .
- Adopt a triple bottom line approach to business
- Deliver integrated financial services to rural Sri Lanka in a cost effective way
- Support employment creation and income generation
- Promote gender equality
- Support environmental awareness – both, relating to own business and at client level
Our Board of Directors
|I. C. Nanayakkara
|W. D. K. Jayawardena
Non Executive Director
Mr. Kapila Jayawardena was appointed to the Board in May 2008. He
holds an MBA in Financial Management; is an Associate of the Institute
of Cost and Executive Accountants and was awarded Fellowship of
the Institute of Bankers of Sri Lanka (IBSL) in 2006. He has varied
experience in the fields of Banking, Audit, Relationship Management,
Corporate Finance, Corporate Banking, Investment Banking and
Treasury Management. Mr. Jayawardena was appointed as the
Chairman of the Sri Lanka Banks' Association (SLBA) in 2003/04 and
served as President of the American Chamber of Commerce in Sri
Lanka in 2006/07. He served as a Director of Lanka Clear, National
Institute of Business Management (NIBM) and The Institute of Bankers
of Sri Lanka (IBSL).
|Mrs. K. U. Amarasinghe
Non Executive Director
Alternate to Mr I C Nanayakkara
|Drs. Peter Kooi
Senior Independent Director
|R. D. Tissera
Managing Director/Chief Executive Officer