Firms venture abroad owing to high risks in SL By Duruthu Edirimuni Chandrasekera View(s): View(s):Increasingly local firms are eyeing investment opportunities beyond Sri Lankan borders to rise above the many risks – especially political – that are increasingly more difficult to discern and deal with, observers say. The LOLC Group’s financial sector, especially in the micro financing area has grown by leaps and bounds through overseas tie-ups. Apart from Prozac in Cambodia which the company managed for the last one and half decades, LOLC also has another micro financing arm In Cambodia called LOLC Cambodia. LOLC’s model in venturing overseas in micro financing has been two emerging markets with high population. In addition to the branch in Bangladesh it has a joint operation in the Maldives and is operating a micro financing license in Myanmar.

Source: Sunday Times October 12, 2019 19:02 UTC