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LOLC Cambodia
Native name
LOLC Cambodia
Company typePrivate
IndustryBanking and finance
Founded1994; 29 years ago
FounderMR. BRINDLEY DE ZYLVA (Chairman of Board of Directors)
Headquarters
Phnom Penh, Cambodia
Number of locations
83 branches (25 Number of Provinces)
Key people
Mr. Sok Voeun, Chief Executive Officer
Productscredit, deposit, finance lease/leasing, local fund transfer, mobile banking and payment services.
USD 58.70 million (2022)
Total assetsUSD 1.48 billion (2022)
Number of employees
3,535+
Websitehttps://www.lolc.com.kh

LOLC Cambodia (Khmer: អិលអូអិលស៊ី (ខេមបូឌា) ភីអិលស៊ី [tʰeaʔniəkiə kanaːɗijaː]) received a Microfinance Deposit-Taking License from the National Bank of Cambodia (NBC) to offer credit and deposit products. Furthermore, LOLC Cambodia also received permissions to operate finance lease/leasing service and several other approvals to offer additional services to customers wisely. Currently, LOLC Cambodia provides a wide range of financial services to its customers, including credit, deposit, finance lease/leasing, local fund transfer, mobile banking and payment services. With the revolution of technology, LOLC Cambodia has leveraged its digital financial services to offer more distribution channels in order to provide a superior customer experience. These services include iPay Cambodia Mobile Application, Internet Banking, Bakong, FAST, RFT and ATM CARD via CSS.[1]

History

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LOLC Cambodia was established by the Catholic Relief Services (“CRS”) in 1994 and incorporated as Thaneakea Phum (Cambodia) Ltd. (“TPC”) in 2002. The National Bank of Cambodia then licensed TPC as a microfinance institution in 2003. In 2007, TPC-ESOP was set up and became part of a shareholding structure. In 2014, LOLC Micro Investment Ltd. (“LOMI”) participated as one of the shareholders. Then in 2015, the company rebranded to LOLC (Cambodia) Plc. (“LOLC Cambodia”) and obtained a microfinance deposit-taking license from the National Bank of Cambodia at the same time. From 2018, LOLC Asia Private Limited (former named as LOLC Private Limited) bought all stakes of DWM and LOMI owing 96.97% of LOLC Cambodia’s total shares, while the remaining 3.03% were owned by TPC-ESOP CO., LTD. Regarding its products and services, LOLC Cambodia originally offered loan services, while starting from 2015 deposit mobilization was further offered to customers along with mobile banking application, internet banking, and local fund transfer both within LOLC Cambodia and interbank transfer via NBC projects (FAST, RFT and Bakong).

On top of these, LOLC Cambodia also issued CSS ATM Card allowing customers to withdraw cash from more than 3,000 ATM machines of banks and financial institutions who are CSS members. From 2017, LOLC Cambodia also obtained permission from the National Bank of Cambodia to offer finance lease/ leasing service and in 2022 LOLC Cambodia obtained a permission to conduct bancassurance business (Corporate Agent Model).[2]

LENDERS AND PARTNERS

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Lenders

International Lender

See also

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Notes

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  1. ^ "LOLC Cambodia". www.lolc.com.kh. Retrieved 2023-05-22.
  2. ^ "An Overview". Retrieved 2023-08-22.
  3. ^ "Cambodia Yellow Pages. Banking & Finance - Cambodia". Retrieved 2023-08-22.
  4. ^ "ANNUAL REPORTS 2022" (PDF). Retrieved 2023-08-22.
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