PT LOLC Ventura Indonesia
PT Sarana Sumut Ventura was established in 1994, provided a funding for business sectors, especially for small and medium enterprises (SMEs) sector in North Sumatra Province. LOLC Asia Private Limited, a sub holding company of LOLC Group was approved to acquire PT. Sarana Sumut Ventura (84.2%stake), and change the name to become PT LOLC Ventura Indonesia. LOLC Group is the world’s largest multi-currency, multi-geographic micro finance service provider and presently LOLC group holds investments in Cambodia, Myanmar, Pakistan, Philippines, Maldives, UAE, Mauritius and few more foot prints in African and Central Asia regions.
COMPANY TIMELINE
1994 - Establishment of Company
Established as the first Venture Capital Company in North Sumatera
1996 - 2007
1996 Commenced Business Operation
1997 SSV was granted Jexim loan Rp. 50Bn
2007 Moved in to It’s own building in Medan
2017 - LOLC Investment
LOLC investment to the company has made another milestone and Micro lending was commenced with the expertise of LOLC since Dec -2017.
The Company’s main focus is to serve entrepreneurs and families at the base of the socioeconomic pyramid with economic opportunities to transform the quality of their lives and deliver tangible benefits.
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2018 - Expaned in to Java Region
The Tangerang branch was established first.
2021 - Changes Company Name
In 2021, LOLC Asia Private Limited was successfully under direct major ownership and the company name was changed to LOLC Ventura Indonesia, with blessings of Regulator (OJK).
Beginning with just one branch in Medan (North Sumatra Region) in 2017, LOLC Ventura Indonesia now provides uninterrupted services to more than 75,000 active Indonesian customers via 30 branches in Sumatra and Java regions.
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