This is a project started in 1995 as a support programme for the agricultural sector in Cambodia. PRASAC concentrates exclusively on lending operations at village level. LOLC acquired 19% of PRASAC Micro Finance in 2006. This acquisition was in keeping with the Company’s pursuit in developing rural Sri Lanka. In addition, this investment has brought in technical expertise in the micro finance business for the Company and opened avenues for many business opportunities in Cambodia.

PRASAC with the capital infusion and restructure that took place in 2006 and 2007 has shown significant growth in business and generated 60% top line growth. The change in business strategy also delivered 297% growth in profits. The growth in the asset book of the Company was an impressive 150%. The net assets recorded a healthy growth of 140%. LOLC was accepted by The National Bank of Cambodia as one of the two influential shareholders of PRASAC Micro Finance Company and will actively participate in promoting micro finance in Cambodia.