Verdant Capital Hybrid Fund completes an additional investment of USD 4.5 million in LOLC Africa
Summary
These investments are driving the expansion of LOLC Africas micro, small and medium enterprises (MSMEs) financing footprint across the continent. Additionally, the Funds Technical Assistance Facility (TAF), has offered financial support for LOLC Africas Social Ratings and Client Protection Pre-Certifications for its subsidiaries in Zambia and Egypt, with further Technical Assistance initiatives in the pipeline.LOLC is recognised as one of the top-performing global microfinance groups, and the Funds investment aligns with its strategy of picking the top performers in each theme or category. LOLCs expansion of the MSME lending model is not only about pursuing its commercial ambition but is also a commitment to sustainable and socially responsible growth. The Group is engaged in leisure, plantations, agri inputs, renewable energy, construction and real estate, manufacturing and trading, technology, research&innovation and other strategic investments. As a leading player in the international MSME sector, the Group has been a catalyst in facilitating financial inclusion, whilst striving to maximise environmental benefits through green operations and processes in line with its triple bottom line focus.Present in the continents of Asia, Africa and Australia, the Group operates in Singapore, Sri Lanka, Myanmar, Indonesia, Philippines, Cambodia, Pakistan, Maldives, Zambia, Zimbabwe, Nigeria, Tajikistan, Tanzania, Malawi, Egypt, Kenya, Maldives, Mauritius, the United Arab Emirates, Sierra Leone, the Democratic Republic of Congo and Ghana, with further strategic plans held in pipelines.