LOLC had partnered with SEVEA to arrange a conference of Suppliers Engagement for Sustainable Finance on Green Lending with the goal of allowing clients to obtain green financing while protecting natural resources and enhancing public health.

Phnom Penh, 29 June 2024: LOLC, a leading deposit-taking microfinance institution in Cambodia, has partnered with SEVEA to organize a conference of Suppliers Engagement for Sustainable Finance on Green Leading in the LOLC conference hall. The meeting was presided over by Mr. Sok Voeun, Chief Executive Officer of LOLC, the representative of SEVEA, and representative of green product suppliers.

The purpose of this meeting is to discuss in-depth the potential markets for green technologies, market overview and challenges. In addition, all participants gained a better understanding of the various types of green technologies currently being used, the wide range of benefits and usage, as well as the impacts that need to be addressed.

In addition, LOLC has strengthened cooperation by signing a Memorandum of Understanding with two suppliers, Ecosun and EGE, to provide clients with accessible green financing to support the use of green tools and technologies to increase productivity, revenue, and cost savings.

Mr. Sok Voeun stated, “Suppliers Engagement for Sustainable Finance on Green Lending is very important for all stakeholders to participate in promoting and protecting the environment and society through the use of green technologies that do not harm the environment and society. LOLC strongly hopes that today's conference will provide valuable insights to address challenges and expand the wider market network by partnering with LOLC to enable clients in accessing green finance.” 

It also should be noticed that LOLC, alongside to Green Lending, LOLC offers a variety of loans for agricultural operations, business, purchasing of agricultural equipment and others to satisfy the needs of clients.

Publish date: June 29, 2024