LOLC tie-up with Sri Lanka Post

LOLC signed an MOU with the Postal Department to open up “Isuru Diriya” service centres in post offices. LOLC Micro Credit Ltd, the microfinance arm of the LOLC Group will be operating in these centres offering a range of products to the customers in the regions, press release from the company said.

Presently LOLC provides Micro Finance facilities to all communities, predominantly rural entrepreneurs and aggressively expanding to disadvantaged regions. The new business strategy of LOLC requires it to increase its geographic reach significantly through cost-efficient distribution channels.