Home / In Depth/ To fulfill the aspirations of people, LOFC expands to Kilinochchi

To fulfill the aspirations of people, LOFC expands to Kilinochchi

Comments / {{hitsCtrl.values.hits}} Views / Thursday, 30 June 2011 01:09

Lanka ORIX Finance Company (LOFC), a member company of the LOLC Group, opened its latest branch in Kilinochchi earlier this week, offering total financial solutions in abundance to the people of this region. The new branch is located at Karadipokku, A9 Kandy Road, Kilinochchi.

With an ever expanding portfolio of financial products and services aimed at fulfilling the aspirations of the people from the fast developing regions of the country, LOFC’s new branch will offer financial services including savings, fixed deposits, loans, foreign currency business and leasing among many others.

The new branch was declared open by the honoured Chief Guest, Rohini Nanayakkara who is the Chairperson of the LOLC Group.

Commenting on this significant event, Nanayakkara praised the Company’s ability to recognise the growth regions of the country and the means to best address the financial requirements arising from them. In her view, the rapid developments in the area, particularly in Agriculture, Trading and Transport were sufficient evidence to fulfill the decision to open a branch in Kilinochchi.

Speaking further she said, “Taking on board the values of the parent company, LOFC has become a catalyst to many a struggling entrepreneur to fulfill his/her dreams. We have identified vast opportunities arising from a fast developing Sri Lanka. In this transitional phase where many of the country’s basic infrastructure is fast expanding and developing, where economic opportunities are gradually but surely reaching the masses in the remote regions, LOFC is ready to partner with them to fulfill their aspirations further.”

With an island wide footprint of over 50 branches and service points, LOFC is fast on its way to becoming the country’s leading financier to the SME sector with a high concentration expected in developing existing and new markets.

Subsequent to opening the new branch, Nanyakkara and the LOLC team also participated in the opening ceremony of a new computer lab for the students of Tharmapuram Maha Vidyalaya in Kilinochchi.  In a move which solidifies LOLC Group’s commitment to give back to the community it serves, officials of the member company LOLC Micro Credit Ltd. (LOMC) renovated an existing building in the school premises and transformed it into a fully equipped computer lab.  By this way, an opportunity is provided for the students to study Information Technology as a part of their school curriculum.

In her address to the teachers and students of the school, she emphasised the importance of IT education reaching the students of the regions. Nanayakkara said, “Having access to Information Technology is of paramount importance in this highly advanced tech savvy world. Providing an opportunity to these school children to further their IT education will only help them in their future endeavours. The value of looking into the wellbeing of our community is deeply imbedded in LOLC’s business philosophy. Donating a computer lab to the students of Tharmapuram Maha Vidyalaya is a testimony to the Group’s commitment to these values.”      

Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

East Container Terminal blunder: Learn from Chinese

Tuesday, 18 September 2018

Minister for Ports and Shipping Mahinda Samarasinghe informed the press in August that Cabinet has approved the development of East Container Terminal (ECT) of Colombo Port by the Ports Authority. According to approval: nPorts Authority would develop

President Sirisena, playing with fire, must take note that smoke will get into his eyes

Tuesday, 18 September 2018

Penchant for playing with fire President Gamaralalage Sirisena has always had a penchant for playing with fire. He did fire-play at the local government elections when he made a disastrous U-turn and went round country blasting the party and its lea

Response to claims that Sri Lanka was in a ‘debt trap’ in 2014 due to ‘Chinese loans’

Monday, 17 September 2018

Several Western analysts have carried out a relentless media campaign in keeping with their own geopolitical agenda, to suggest that China was luring Sri Lanka into a carefully engineered debt trap.

Understanding the debt trap: Nothing but simple arithmetic

Monday, 17 September 2018

Prime Minister Ranil Wickremesinghe, speaking recently at the World Economic Forum in Vietnam, denied that Sri Lanka was in danger of spiralling into a debt trap from excessive Chinese borrowings

Columnists More