Phnom Penh, 2nd March 2023, LOLC (Cambodia) Plc., One of the leading deposit-taking institution in Cambodia, has the honor to archive “BB +” in Social Rating, which is a high score after finishing the evaluation in February 2023 by Microfinanza. The Social Rating methodology has assessed the company through various criteria such as Social Performance Management System, Client Protection and Social Responsibility, Outreach, Quality of the Services. At the same time of this accomplishment, LOLC has also archived another high grade of “α medium” scoring in the Institutional Rating. The Institutional Rating methodology has assessed the company through various criteria such as External Context, Governance and Strategy, Systems and Controls, Financial Profile, and Portfolio Quality. The grade of “α medium” from Institutional rating is consider to be a high grade.
All of this has proved that LOLC has always been committed to Social Performance Management and in providing transparent services to clients. Along with creating a clear strategic plan by adding a commitment toward sustainability involving in Environmental, Social, and Governance. For financial management, LOLC continues to provide its diversified loan portfolios with the aim of expanding the quality and sustainability of its portfolio, as well as increasing the number of clients in rural areas across the country. Continuing to promote and encourage clients in all operating sites to understand the use of Savings Account as well as the Digital Banking service, iPay Cambodia.
Through this independent rating assessment, it will be the reason to demonstrates LOLC's qualifications to meet the need with reliable and responsible financial services to change the quality of our customer’s life.