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LOLC Micro Credit felicitates over 600 scholarship students at the6th Annual Isuru Diriya Sisu Upahara Programme

December 10th, 2015 -LOLC Micro Credit Ltd. (LOMC), one of the largest and leading microfinance companies in Sri Lanka and subsidiary of the LOLC Group, held its 6th annual “Isuru Diriya Sisu Upahara” felicitation ceremony for Grade 5 scholarship students at a grand ceremony held at the BMICH Colombo. The Isuru Diriya Sisu Upahara programme is held annually to felicitate children of LOMC customers who scored top marks at the national Grade 5 scholarship examinations.

A total of 618 students were felicitated under this program for this year, out of which 269 students were provided with scholarships and gifts at the official ceremony held at the BMICH. A further 349 students residing in far rural areas received their gifts personally from LOMC officials. Each child received a gift pack worth Rs. 15,000/-as well as a savings account with a deposit of Rs. 1000/-.

LOLC Group Chairman Mr. Rajah Nanayakkara graced the ceremony as the Chief Guest. Also in attendance were, LOLC Deputy Chairman, Mr. IsharaNanayakkara, Group Managing Director/CEO, Mr. Kapila Jayawardena, Mrs. Kalsha Amarasinghe Executive Director of LOLC, Director/Chief Executive Officer LOMC, Mr. Ravi Tissera and Chief Operating Officer, Mr. Rohana Kumara. Senior management members of LOLC, staff members, parents of students and well-wishers were also present.

Grade 5 scholarship students Gavesha Kumudesh from Matugama, Yasodh Ranasingha from Elpitiya and Akashi Hettiarachchi from Divulapitiya obtained the highest scores of 187, 186 and 185 respectively.

Mr. Ravi Tissera, Director/CEO of LOLC Micro Credit Ltd said, “I remember, at our very first Isuru Diriya programme we felicitated only 40 children.  Today, I am happy to say that over a period of 6 consecutive years, LOMC has felicitated exceptional educational achievements of over 1800 students from diverse communities across the country. LOMC has supported and partnered farmers and local entrepreneurs since inception, paving the way for their livelihood development. The Isuru Diriya Sisu Upahara programme fortifies that endeavor by supporting and providing educational assistance to communities in need”.

Also commenting, Mr. Rohana Kumara, COO of LOLC Micro Credit Ltd said, “LOMC drives forward not purely on a business agenda but with a deep responsibility and consciousness towards the wellbeing of especially the citizens residing in the rural areas of Sri Lanka. Isuru Diriya Sisu Upahara is not merely a CSR Project. Our vision is to provide opportunities for children from grass root communities to further their education, bringing about a meaningful, long term change in the socioeconomic landscape in some of the most remote areas of this country”.

Inaugurated in 2009, LOLC Micro Credit, with the financial strength of renowned overseas Development Finance Institutes and the support of the LOLC Group, rose among Sri Lankan corporates as one of the leading microfinance solutions providers dedicated towards uplifting the low income segment of the country. The Company has also been the first and only Sri Lankan microfinance institute to be awarded with the certification for Client Protection Principle. With a disbursement portfolio of Rs. 34 Billion and a growing borrower base of more than 300,000, the Company has gained success and recognition both at home and overseas.