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List of Countries

Philippines

LOLC observed great potential in MSME sector in Philippines as 99% of businesses belong to this category. In 2019 LOLC successfully expanded its footprints to Philippines through the acquisition of a majority stake in LOLC Bank Philippines (formerly known as Inter Asia Development Bank) and LOLC Finance Philippines (formerly known as LOLC ASKI Finance)

  • $ 3,549

    GDP per capita
  • 109.6 Mn

    Population
  • $25.5 Mn

    Gross loan portfolio
  • 25

    No. of branches
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LOLC Bank Philippines Inc

LOLC acquired controlling interest in LOLC Bank Philippines (previously known as Inter Asia Development Bank). The bank offers a comprehensive range of lending and deposit products to its MSME customers.

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LOLC Finance Philippines Inc

LOLC ASKI Finance Inc. is a partnership formed in 2019 between LOLC and the ASKI Group of Companies in the Philippines, with LOLC owning the majority stake in the company. The roots of LOLC ASKI Finance can be traced back to April 2017, when the original company, Alaylaya Sa Kaunlaran, was formed under the ASKI Group. The entity was rebranded as LOLC Finance Philippines Inc. in 2022. The company offers tailored financial products to its MSME clients.

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Latest News

LOLC becomes Mastercard’s first customer in Sri Lanka to join...

Sri Lanka’s most awarded and trusted Alternate Financial services brand, LOLC Al-Falaah recently unveiled their ground-breaking new product – the Wadi’ah Gold Loan Facility. This is the 1st time a Finance company in Sri Lanka is offering this facility. Al-Falaah Wadi’ah is a unique gold…

Mudharabah Super Savings – an account with Bonus Profits from...

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.

LOLC Al-Falaah unveils pioneering Wadi’ah Gold-Storage Facili...

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.

iPay enables cashless payments in Galle

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.

LOLC becomes Mastercard’s first customer in Sri Lanka to join...

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.
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