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Dr. Kooi new director of LOLC

LOLC Micro Credit Ltd. the Microfinancing arm of the LOLC Group recently appointed Dr. Peter Kooi to the board of directors of the company. LOLC Micro Credit Ltd (LOMC) is a partnership between LOLC and FMO (The Netherlands Development Finance Company) which is the international development bank of the Netherlands with an investment portfolio of Euro 3.4 Bn worldwide.

FMO has a 20 percent equity stake in LOMC and has made a $10Mn investment in the company.

In 2003 LOLC ventured into Microfinance and is now established as a microfinance provider in the country.

 

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