0% interest scheme from LOLC, Browns joint venture - 22 Nov 2012

The LOLC Group together with Brown & Company PLC will be offering customers of LOLC Micro Credit Ltd (LOMC) and Lanka ORIX Finance PLC (LOFC), a unique 0% interest scheme to purchase an array of Browns branded lifestyle items during the upcoming festive season. The LOLC Group continuously strives to add more value to its customers and this is yet another significant step in that direction.

This scheme provides customers a purchase-choice of over 50 items of household, electronic, auto and agri equipment, which are of reputed, global brands, from Browns showrooms and authorized agents located island wide. These items can be purchased at a 0% interest rate, which are payable in monthly installments from 6 to 15 months, without the hassle of incurring an initial payment or requiring any guarantors.

This offer is exclusively available for existing Leasing and Fixed Deposit customers of both LOMC and LOFC, where they are given the opportunity to purchase any item. With a monthly payback installment starting as low as Rs. 1,000.00, this attractive opportunity offers customers greater benefits in appreciation of their loyalty to the LOLC Group.

Commenting, Mr. Kapila Jayawardena, Group Managing Director/CEO of LOLC Group said, “This is a momentous occasion for us. We entered into this novel partnership with the Browns Group to offer LOMC and LOFC customers greater benefits, by offering them the unique opportunity to purchase consumer durables of their choice, simply for being customers of our Group. Browns’ branded products are known and respected the world over and our customers are now given the privilege of owning these branded items at a hassle free, interest free and guarantor free, pay back scheme.”

Also commenting, Mr. Murali Prakash, Group Managing Director/CEO of Brown & Company PLC said, “The Browns Group has over a 132 year history offering a range of consumer durables to Sri Lankans in all corners of the country. Drawing on the synergies of the LOLC Group, we entered into this partnership to offer LOLC Group customers the unique opportunity of owning a range of products from brands such as BG, Olympus, Vivitek, Sharp, Oce, Exide, Mitashi and Belkin.”

To signify this occasion, an official signing ceremony was held at the LOLC auditorium where customers, Directors and Senior Management of both the Companies were present.


Highlights from the official signing ceremony held between LOLC and Browns. In the picture are, Mrs. Rohini Nanayakkara – Chairperson, LOLC Group, Mr. Kapila Jayawardena – GMD/CEO, LOLC Group, Mrs. Kalsha Amarasinghe – Executive Director, LOLC Group and Mr. Murali Prakash – GMD/CEO of Brown & Company PLC together with customers who were awarded with the new facility.
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