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List of Countries

Tajikistan

LOLC made its virgin investment in Central Asia through the acquisition of KARAT (LLC LTMKh and LLCTMKhL), which is engaged in micro lending and gold loan business. In 2022 the Group also acquired Fazo- S Microcredit Deposit Organization, a deposit taking financial institution. With 100% ownership in both these entities, LOLC is well positioned to roll out its business model and offer a wide range of products to the Tajikistani market.

  • $897

    GDP per capita
  • 9.8Mn

    Population
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Karat (LLC LTMKh and LLCTMKhL)

Karat, LOLC's maiden investment in the Central Asia region is the largest chain of pawnshops in Tajikistan. LOLC acquired controlling interest in Karat in 2021. The company has a license to conduct micro-lending and gold loan business. Karat provides loans backed by gold, vehicles, and other property while operating several jewelry stores in Tajikistan.

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Fazo-S Microcredit Deposit Organization

In 2022, LOLC acquired a 100% stake in Fazo-S, which is a microcredit and deposit-taking financial institution. Fazo-S provides deposits, loans for agriculture, services, industry and consumer segments. The entity was founded in 2009.

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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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