List of Countries
Kenya
LOLC established its presence in Kenya with the acquisition of a majority stake in Key Microfinance Bank Limited in 2022. The Group intends to assist KMFB to revamp its core banking system to improve efficiency to compete in Kenya's tough microlending environment.
-
$ 1,950
GDP per Capita -
55.1 Mn
Population -
$ 3.05 Mn
Gross Loan Portfolio -
7
No. of Branches
LOLC Kenya Microfinance Bank PLC
In 2022, LOLC acquired controlling stake in LOLC Kenya Microfinance Bank PLC (Previously known as Key Microfinance Bank Limited), which operates as a deposit-taking microfinance institution in Kenya. The bank has been in operation since 2010. The bank offers a range of deposit and lending products including personal loans, asset backed loans, and working capital facilities to MSME clients.
Lipton Teas and Infusions Kenya PLC
In 2024, LOLC acquired Lipton Teas and Infusions Kenya PLC, a company that produces approximately 33 million kilograms of tea annually through its 8 factories. This acquisition has elevated LOLC to become one of the largest tea companies in the world
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