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.