Miloc is a registered microlender, established in 1995 under the name Louhen Konsultante. In 1998 some of the Louhen members came together and Miloc Holdings Ltd came into existence. Miloc being the acronym for MIcro Loan Company.
After 5 years and with 42 nationwide branches, Miloc Holdings split up in 2003, with some branches being incorporated with other companies, some being merged together to form bigger branches and sold off, and lastly some individual branches were sold to private owners or to the original private owner.
Miloc Kimberley and Miloc Paarl branches were taken over by Wilke Finance, but continued to trade under the now familiar and trusted Miloc name.
Other branches still trading under the Miloc name (but not related to Wilke Finance) are: Miloc De Aar, Worcester, Witrivier, Nelspruit, De Doorns, Hermanus, Louis Trichardt and Musina.