The Foundation pursues its partnership with LOMC in Sri Lanka
The Foundation granted a new loan for a total amount equivalent to € 3 million, over a four year period, to LOMC. LOLC Micro Credit Limited (LOMC) is the largest microfinance institution in Sri Lanka and a subsidiary of the LOLC Group. Its objective is to be a catalyst for the private sector by promoting a sustainable development in Sri Lanka. To do so, LOMC provides integrated financial services in rural areas in a cost-effective manner, supports job creation and income generation activities, promotes gender equality and supports environmental awareness, both from an institutional and a customer perspective. To date, the institution has 390 000 active borrowers, 73% of them being women and 92% of them living in rural areas.