LOLC Factors goes to Jaffna

Thursday, 5 May 2011 00:00 - - {{hitsCtrl.values.hits}}

The industry’s trendsetting financial entity, Lanka ORIX Leasing Company Plc., has brought working capital financial solutions to the people of Jaffna. At a ceremony held at the LOLC Jaffna branch, Graham Lawrence, CEO of LOLC Factors Ltd., participated as Chief Guest and handed initial transactions to customers.

Commenting on this significant event, Lawrence said: “At LOLC we get closer to the hearts of the people through our widespread branch network. We have been able to understand the minds of the people we serve. Hence, we have been able to successfully formulate products and services which meet their working capital financial requirements.”

He observed that by providing new financial solutions to businesses in this area, the company had attracted a strong client base from the northern region.

“Clients in the north were not able to access any source of working capital funding over the last few decades. With the cessation of the war and the opening up of this market, the demand for such flexible products has seen an exponential growth. Northern clients who have been utilising these products since late last year have shown strong credit and repayment values. We were able to understand their financial requirements and provide solutions that best address their requirements.”

“Since our formal launch of working capital financial solutions in the north, we have received an enormous response from its fast developing business community,” said Lawrence. He further expressed his confidence that with LOLC’s presence in the North, the SME sector of this region is set to experience an upward development.