Islamabad, Oct 26: LOLC Microfinance Bank (LOLC MFB) is thrilled to announce the launch of an unprecedented financial product in Pakistan: Gold Loan with 0% markup. This unique offering marks a significant step towards making financial services more accessible, particularly for segments of the population that have been hesitant to engage with microfinance banks.
“While many microfinance banks are diversifying their portfolios with gold loans, we wanted to create something truly different” stated Mr. Ransilu Cooray, Product Head Gold at LOLC MFB. “This new product aims to meet the immediate financial needs of society’s members and contribute to Pakistan’s sustainable economic development.”
LOLC MFB, a subsidiary of LOLC Holdings—one of the world’s largest inclusive finance platforms with operations in 25 countries across three continents—has designed this flexible short-term gold loan product with 0% markup and no pre-termination charges. With 87 Branches & Service centers in Pakistan, the Bank is licensed to serve the financial needs of common people and help them grow towards prosperity
LOLC Microfinance Bank (LOLC MFB) is thrilled to announce the launch of an unprecedented financial product in Pakistan: Gold Loan with 0% markup. This unique offering marks a significant step towards making financial services more accessible, particularly for segments of the population that have been hesitant to engage with microfinance banks.
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“While many microfinance banks are diversifying their portfolios with gold loans, we wanted to create something truly different” stated Mr. Ransilu Cooray, Product Head Gold at LOLC MFB. “This new product aims to meet the immediate financial needs of society’s members and contribute to Pakistan’s sustainable economic development.”
LOLC MFB, a subsidiary of LOLC Holdings—one of the world’s largest inclusive finance platforms with operations in 25 countries across three continents—has designed this flexible short-term gold loan product with 0% markup and no pre-termination charges. With 87 Branches & Service centers in Pakistan, the Bank is licensed to serve the financial needs of common people and help them grow towards prosperity.
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Addressing the launch, Chief Commercial Officer Mr. Nizar Noor Ali Momnani said: “LOLC Holdings and LOLC MFB are driven by a mission to facilitate and shape the future of individuals and communities nationwide, becoming a trustworthy partner in times of need with reliability and consistent support. Our Gold Loan product, offered at 0% markup, is a pioneering financial solution that redefines traditional lending. By leveraging innovative strategies, this product empowers individuals with accessible credit, promoting financial inclusion and fostering economic progress through a customer-centric, forward-thinking approach.”
Chief Executive Officer Mr. Farooq Rashid added: “The future of Pakistan’s economy hinges on accessible financing for Individuals, small medium businesses & entities. We aim to reach underprivileged communities and help them break free from poverty through financial inclusion.”
LOLC MFB is committed to fostering a financially inclusive Pakistan through a variety of initiatives. We invite individuals and businesses to take advantage of our 0% markup Gold Loan, designed to promote financial inclusion and sustainable development across the nation.
