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

Our vision

‘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’ .

Our Mission

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 Chairman Mr. Ishara Nanayakkara is an astute businessman who holds directorial positions in many corporates and conglomerates in Sri Lanka. He ventured into the arena of financial services with the strategic investment in LOLC PLC and was appointed to the Board in May 2008. Today, as Deputy Chairman of LOLC Group, he straddles a conglomerate that encompasses financial services, agriculture and plantation, leisure, renewable energy, construction, manufacturing and Mr. Nanayakkara has extensive exposure in both banking and nonbanking financial services sector through his involvement in Lanka ORIX Finance PLC, Commercial Leasing and Finance Ltd., and Seylan Bank. His interest in Microfinance is evident through his recurrent contribution to PRASAC - the largest microfinance company in Cambodia and in his own initiative, LOLC Micro Credit Company Ltd. - the only regulated private sector microfinance institution with foreign equity in Sri Lanka. His passion for renewable energy is reflected through the green portfolio of the LOLC Group - comprising of hydro power, solar power, agri waste and biomass - a promising source of alternate energy. The green investments of the LOLC Group companies are poised to offer their share to the environment. Mr. Nanayakkara is also conversant in sustainable forestry and plantation through Group companies - Maturata, Pussellawa and Gal Oya Plantations. The addition of Agstar Fertilizers Ltd., a leading agri input provider in the country, have further enhanced Group's contribution to the agriculture and plantation sectors. The participation in Sierra Constructions Pvt Ltd., one of the largest construction companies in the country is timely, considering the contribution of the construction sector to the post-war development. Mr. Nanayakkara is focused on the immense opportunities presented by the leisure sector. With the recent acquisitions of some of the leading hotels in the Southern coast alongside key properties in the North and East, development plans are underway for the leisure subsidiaries of LOLC Group - Eden Hotel Lanka PLC, Riverina Hotel PLC, Palm Garden Hotels PLC, Tropical Villas (Pvt) Ltd. and Dickwella Resorts (Pvt) Ltd. He is also involved at strategic level in Browns Group of Companies, a conglomerate with leading market position in trade, leisure, manufacturing, consumer appliances and agriculture equipment. He holds a Diploma in Business Accounting from Australia, and is a Director of Ishara Traders Group. Mr. Nanayakkara's involvement in multifaceted business fields is a fine proof for his perpetual interest on the growth sectors of the Sri Lankan economy.
	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). Mr. Jayawardena was appointed to the Financial Sector Reforms Committee (FSRC) by the Prime Minister and was a member of the Finance Sector and Capital Markets Cluster of the National Council of Economic Development (NCED). He was a key member of the inaugural sovereign rating team and sovereign debt for Sri Lanka appointed by the Governor of the Central Bank. He was presented with the prestigious Combined Support Group Award by the US Navy for services rendered after the tsunami in 2005. The Government of Sri Lanka appointed him to the Board of the Sri Lanka Fulbright Commission in 2010. Mr. Jayawardene was appointed to the Council of the National Chamber of Commerce of Sri Lanka on 27 January 2011. Mr. Jayawardena has over 27 years experience in all areas of banking, out of which 9 years was in the capacity of CEO/ Country Head Citibank Sri Lanka and the Maldives. He was the first Sri Lankan to be appointed as a Senior Credit Officer (SCO) by Citibank in Sri Lanka. During his leadership, Citibank Sri Lanka was rated AAA by Fitch Ratings in Sri Lanka. Citibank Sri Lanka was the first foreign Bank to obtain an AAA rating. Mr. Jayawardena is the Group Managing Director/CEO of LOLC, Chairman of Lanka ORIX Finance PLC, LOLC Insurance Co. Ltd., LOLC General Insurance Ltd., LOLC Life Insurance Ltd., LOLC Leisure Ltd., LOLC Motors Ltd., LOLC Securities Ltd., Speed Italia (Pvt) Ltd., United Dendro Energy Solutions (Pvt) Ltd., Palm Garden Hotels PLC, Riverina Hotel PLC and Eden Hotel PLC. He is also on the Boards of Brown & Company PLC and Commercial Leasing & Finance Ltd., which are subsidiaries of the LOLC Group. Mr Jayawardena is also a Director of HDFC Bank.
	Mrs. K. U. Amarasinghe Non Executive Director Alternate to Mr I C Nanayakkara Mrs. Kalsha Amarasinghe holds an Honours Degree in Economics. She serves on the Boards of many of the LOLC Group Companies including the Commercial Leasing Group. She was appointed to the Board of Directors of the Company as a Non-Executive Director in October 2008.
	Drs. Peter Kooi Senior Independent Director Dutch, born in 1958. Peter joined the Board in October 2000. He obtained his Master's degree with distinction in corporate finance and sociology at the Erasmus University in Rotterdam, the Netherlands. From 1993, he advised ACLEDA as a microfinance consultant over a period of seven years in its course from a development program into a commercial bank. From 1999, Peter worked as a short-term microfinance consultant on projects in fifteen countries located mainly in Africa and Asia. From September 2002 until December 2005, Peter was Director of the Microfinance Unit of UNCDF in New York. From March 2006 till May 2011 Peter supported ACLEDA Bank Plc. as a part-time consultant in the establishment of ACLEDA Bank Lao, ACLEDA Training Center and ACLEDA Securities. At present Peter serves in several Boards and Board committees (Credit, Risk, ALCO, Audit) and provides short-term consultancies and training in microfinance and strategic management. He is a Graduate of the Australian Institute of Company Directors.
	R. D. Tissera Managing Director/Chief Executive Officer Mr. Ravi Tissera joined the LOLC Group in 1993 and is a Development Finance Specialist. Mr. Tissera has obtained his post Graduate Diploma in Marketing and is a member of the Chartered Institute of Marketing UK. He has followed Strategic Leadership Training in microfinance at Harvard Business School. He is also on the Boards of Sundaya Lanka (Pvt) Ltd. and LOLC Microfinance Fund Ltd. which are Subsidiaries of the LOLC