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LOLC gets nod to enter the leasing market

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LOLC gets nod to enter the leasing market

LOLC (Cambodia), a microfinance deposit-taking institution, has received permission from the National Bank of Cambodia (NBC) to offer a financial leasing product that can be used for the purchase of moveable assets such as appliances, machinery, motorcycles and cars, according to a press release yesterday.

“We are excited to be one of the pioneers in scaling up the leasing market in Cambodia,” Sok Voeun, chief executive of LOLC, said in the release.

He added that the company will launch the product in March.

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