|
Lanka
Orix Leasing (LOLC Group) has partnered with Dutch bank
FMO to better serve the country’s microfinance
market, estimated to be worth over Rs. 50 billion.
The move follows LOLC launching its newest venture,
LOLC Micro Finance Company in partnership with FMO (The
Netherlands Development Finance Company).
According to LOLC Micro Finance’s CEO, Ravi Tissera,
LOLC has been conducting their micro-financing operations
through the parent company for the last five years;
but the growing need for formal micro-financing systems
and the interest of the Dutch Bank to venture into the
micro finance market in Sri Lanka with LOLC, compelled
the creation of the new company.
Speaking at a media briefing on the launch of the new
company yesterday, FMO’s Senior Investment Officer
for Asia, Arno De Vette said, “There is a huge
potential in the market where we can give access to
finance for people who have no access to finance. And
we are proud to be associated with LOLC in this venture.”
Full
Story....
|
