LOLC Micro Credit Limited (LOMC), one of Sri Lanka’s largest micro finance providers, recently concluded its annual ‘Isuru Diriya Sisu Upahara’ scholarship award ceremony at the BMICH Colombo.
The ceremony in its 8th consecutive year, felicitated over 900 students who passed the 2017 National Grade 5 Scholarship Examination with flying colours.
The program is LOMC’s dedicated social responsibility initiative which recognises and awards high-achievers of the year five Scholarship Examination, conducted by the Department of Education.
The scholarships are granted on merit and the financial needs of the children of LOMC’s more than 450,000 customer base. This year, LOMC awarded 979 scholarships including cash prizes and gifts of stationery, books, sports items and school shoes, investing approximately Rs. 10 million on the program.
During the ceremony held at the BMICH, 264 students were awarded with scholarships to support their first steps into secondary school while the gifts and scholarships of the balance 715 students were delivered to their homes.
The selection criteria for the program continues to be well structured and transparent extending the scholarships to well-deserving students.
The top three achievers of 2017, Somawathige Dinithi Asera Premarthna from Ratnapura, Willaddara Heellage Kavindu Madushan from Tangalle and Pasidu Methpriya Hewagama from Mathugama were recognised and presented with special gifts.
“When we commenced this programme in 2010, our main objective was to felicitate and provide support to children of our group loan customers.
Throughout the past eight years, our programme has successfully reached out to over 3,200 students covering all districts in the country.
Over the years, the program made a positive change in the lives of many people and has made a meaningful difference in their children’s future as well, giving them the opportunity to aspire for a better and brighter future,” LOLC Micro Credit Limited Director/CEO Ravi Tissera said.
A subsidiary of the LOLC Group, LOMC is Sri Lanka’s only microfinance provider to have received the prestigious certification for Client Protection Principles.