LOLC Microfinance Bank was formerly known as Pak Oman Microfinance Bank Limited (the Bank) that was incorporated on 09 March 2006 as a public limited company under Companies Ordinance, 1984 (Repealed with the enactment of the Companies Act, 2017 on 30 May 2017) and was granted a license by the State Bank of Pakistan (SBP) on 12 April 2006.