List of Countries
LOLC made its virgin investment in Central Asia through the acquisition of KARAT (LLC LTMKh and LLCTMKhL), which is engaged in micro lending and gold loan business. In 2022 the Group also acquired Fazo- S Microcredit Deposit Organization, a deposit taking financial institution. With 100% ownership in both these entities, LOLC is well positioned to roll out its business model and offer a wide range of products to the Tajikistani market.
$897GDP per Capita
Karat (LLC LTMKh and LLCTMKhL)
Karat, LOLC's maiden investment in the Central Asia region is the largest chain of pawnshops in Tajikistan. LOLC acquired controlling interest in Karat in 2021. The company has a license to conduct micro-lending and gold loan business. Karat provides loans backed by gold, vehicles, and other property while operating several jewelry stores in Tajikistan.
Fazo-S Microcredit Deposit Organization
In 2022, LOLC acquired a 100% stake in Fazo-S, which is a microcredit and deposit-taking financial institution. Fazo-S provides deposits, loans for agriculture, services, industry and consumer segments. The entity was founded in 2009.