LOLC Finance further expands footprint in northern Sri Lanka

LOLC Finance, Sri Lanka's leading Non-Banking Financial Institution (NBFI), has successfully launched two new branches in the north.

The northern region of Sri Lanka, thrives on livelihoods primarily revolving around farming, fishing, small businesses, and wage labour. Small and medium enterprises (SMEs) are at the heart of this economic landscape, engaged in activities such as wholesale and retail trade, agrochemical distribution, hardware and furniture sales, local product procurement, and fish farming, the company said in a media release.  

This strategic expansion signifies a substantial step forward in the company's mission to promote economic growth in the region through pioneering innovation while enhancing digital access. The new branches will now provide the local community with a wide array of financial products and services, including lending, savings and deposits, micro-finance, pawning, Islamic finance, digital facilities and many more.

Conrad Dias, Chairman of LOLC Finance PLC, said, "The establishment of these strategic branches in Chavakachcheri and Nannattan represents a significant milestone in LOLC Finance's commitment to enhancing convenience, accessibility, and to support the northern communities, especially those engaged in vital economic sectors in the region. LOLC Finance is on a mission to drive digital inclusion in financing, making it accessible to every citizen in Sri Lanka.”