LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, says it is mulling expanding operations into Kenya as it seeks to tap the rising demand for microcredit.
Deputy Chairman Ishara Nanayakkara said the firm, which also runs two micro-lenders in Cambodia, plans to sell its stake in one of the units in Cambodia and use the proceeds to fund the acquisition of unnamed micro-financiers in Kenya.
