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Financial Solutions To North

May 7, 2011 2:43:36 PM - thesundayleader.lk

LOLC Factors Ltd. CEO Graham Lawrence (far right second) along with LOLC Jaffna branch Manager Nadarajah Ramanathan (far left) and Marketing Executive Rasiah Suthaharan (far left second) with customers from the North at the launch of working capital financial solutions to the area.

Lanka ORIX Leasing Company PLC has brought working capital financial solutions (WCFS) to the people of Jaffna. At a ceremony held at the LOLC Jaffna branch, LOLC Factors Ltd. CEO Graham Lawrence participated as Chief Guest and handed initial transactions to customers.
He said, “At LOLC we get closer to people’s hearts 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 WCF requirements.” The Company has attracted a strong client base from the Northern region. “Clients in the North were not able to access any working capital funding source over the last few decades. With the war’s cessation and the opening up of this market, the demand for such flexible products has seen an exponential growth. Northern clients who have been utilizing 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 launch of WCFS in the North, we have received an enormous response from its fast developing business community,” said Lawrence. He expressed confidence that with LOLC’s presence in the North, the province’s SME sector was set to experience development.