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List of Countries

Zimbabwe

LOLC witnessed huge potential in artisanal gold mining industry in Zimbabwe as it is one of the leading exporters of gold and 50% of the country's gold production is done by small scale miners

  • $1,737

    GDP per capita
  • 15.0 Mn

    Population
  • $0.7 Mn

    Gross loan portfolio
  • 6

    No. of branches
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Yambukai Finance (Pvt) Limited

Yambukai Finance commenced its operations in the year 2000 as a non-deposit-taking microfinance lending institution in Zimbabwe and LOLC acquired a majority stake in the entity in 2022. LOLC intends to convert the entity into a deposit-taking microfinance institution by replicating its successful MSME business model. Dollarized economy in Zimbabwe is expected to bode well with the entity’s expansion plans. The entity currently offers a wide range of products such as salary-based loans, business loans, zero-rate loans, and asset financing.

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Urumaya Resources (Pvt) Limited

Zimbabwe’s mining sector is highly diversified with large scale commercial operations as well as artisanal mines. The country has over 7,500 artisanal mines. Urumaya is now on the mission of empowering and capacitating small-scale gold miners in Zimbabwe with capital and infrastructure while ensuring optimum gold production in a sustainable manner.

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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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