LOLC to facilitate the renewable energy projects - 13 Oct 2006

LOLC signed a PCI agreement with the Government of Sri Lanka to take part in the Renewable Energy for Rural Economic Development (RERED) Project. Under this agreement LOLC is able to finance grid connected renewable energy projects, off-grid community based renewable energy projects and solar home systems. LOLC is the only non banking PCI selected for this Financing Scheme.

LOLC has been actively taking part in the projects to uplift the socio economic standards of the people in different sectors. The company ventured into the Development Finance sector in late 90’s and so far they have successfully completed the Tea Development Project (TDP), Plantation Development Project (PDP), Second Perennial Crop Development Project (TDP), Environmentally Friendly Solutions Fund Project II (E-Friends II), EIB Post Tsunami Credit Lines and Construction Sector Development Project (CSDP).

This attests the recognition and the stability of LOLC as a financial institution and its commitment to take part in the projects of this nature to assist the sustainable development.

LOLC, as a premier Total Financial Solutions Provider in Sri Lanka is well known for its innovative spirit and dynamism. LOLC’s product portfolio ranges from Leasing, Asset Financing, Hire purchase, Loans, Working Capital and Factoring, Fleet Management, Insurance Services, Agro and Micro Financing and also non-financial solutions such as IT, Project Development, Real Estate and Forestry, while its subsidiary Lanka ORIX Finance Company Ltd. offers Savings and Fixed Deposits, NRFC & RFC Accounts, Islamic Financing and Pawn Broking; to its customers.

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