Overseas Expansion

LOLC Ventura

Expanding its global footprint, the LOLC Group took a strategic decision to tap into the Indonesian Microfinance market in 2018, particularly in the Sumatra and Java islands. LOLC Management Indonesia is the Holding Company through which the Company invested in SSV (formerly a venture capital business), which is now being remodelled to cater to the Microfinance segment. The LOLC operation in Indonesia commenced initially in Medan - Sumatra Island and subsequently expanded to Java Island with a regional office in Tangarang - Jakarta in Bantan province and Bandung in the West Java Province. It is a matter of pride that Sri Lankans are heading business strategy, IT, finance and operations of the Indonesian operation, sharing best practices and technical knowhow with Indonesian employees.