LOLC Finance further expands its footprint in Northern Sri Lanka

LOLC Finance, Sri Lanka’s leading Non-Banking Financial Institution (NBFI), takes immense pride in the successful launch of two new branches, enhancing financial inclusion to Northern communities. 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.

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, expressed his enthusiasm for these new additions, stating, “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.” Dias emphasized the company’s keenness to serving these communities with the same excellence and commitment for which LOLC Finance is renowned.