The LOLC Microfinance Bank inaugurated its latest branch in the Blue Area of Islamabad. The High Commissioner of Sri Lanka to Pakistan Admiral Ravindra C. Wijegunaratne graced the opening ceremony as the Chief Guest on 22 March 2024.
Addressing the gathering, the High Commissioner emphasized the significance of promoting financial inclusion and acknowledged the pivotal role played by the LOLC Holdings in this endeavor. The President and CEO of the LOLC Holdings Farooq Rashid highlighted the bank's strategic vision aimed at extending its presence to deliver financial services to a wider demographic and contributing significantly to the financial empowerment of the society. The event was attended by several distinguished guests, including top bankers.
The aim of LOLC in Pakistan is to help to eradicate poverty by providing financial services to those who are otherwise excluded from the formal financial sector. This enables people to start or grow small businesses, creating jobs and income for themselves and their families.