Verdant Capital Grows Its Investment in LOLC Africa to $13.5 Million.

Tuesday 8th April 2025

非洲记者报道

Verdant Capital has expanded its investment in LOLC Africa Singapore Limited to USD 13.5 million, following a recent injection of USD 4.5 million. This move builds on an initial investment of USD 9 million completed in 2023, with both investments structured as holding company loans directed at LOLC Africa’s operational subsidiaries in countries such as Zambia, Rwanda, Egypt, Kenya, Tanzania, Nigeria, Malawi, Zimbabwe, Ghana, and the Democratic Republic of the Congo.

Founded in Sri Lanka in 1980, LOLC entered the African financial landscape in 2018. As the first external investor in LOLC Africa, the Verdant Capital Hybrid Fund demonstrates its belief in catalytic finance by supporting the growth of micro, small, and medium enterprises (MSMEs) across the continent. This recent round of funding is aimed at enhancing LOLC’s lending capacity while strengthening the capital base of both existing and potential future subsidiaries.

Verdant’s investment is more than just financial—it is also strategic. Through its Technical Assistance Facility, the Fund has supported initiatives like social ratings and client protection certifications for LOLC’s operations in Zambia and Egypt, with more programs expected. This holistic approach is aligned with LOLC’s mission to empower communities at the bottom of the economic pyramid through responsible and inclusive finance.

LOLC has gained international recognition for its success in microfinance, and its expansion into Africa reflects a long-term commitment to social impact and commercial growth. As the company broadens its footprint, the Fund continues to benefit from returns that align with its impact-focused investment strategy, underscoring the importance of supporting scalable financial inclusion solutions in emerging markets.