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 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.
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.