Germany, Australia help open doors to finance for low-income groups in Laos

VIENTIANE (Vientiane Times/ANN) – Germany and Australia have provided US$4.5 million to develop locally-run systems that enable impoverished people to more easily access finance.Representatives from the Lao government, Germany and Australia met on May 9 to launch Phase V of the US$4.5 million Access to ...

News Desk

Permission for microfinance businesses to resume from March, says Bank of Lao PDR official

VIENTIANE (Vientiane Times/ANN) – The Bank of the Lao PDR (BOL) plans to resume granting permission for microfinance businesses from March after suspending the clearance of such units in 2017.Entrepreneurs interested in setting up non-deposit taking microfinance businesses, money transfer services, leasing enterprises and pawn ...

News Desk

World Bank Economic Report: Formal Vs. Informal Financial Services

A World Bank report released last week reports that “informal” financial services continue to play an important role in the lending sector in Laos despite the fervent growth of legal micro-finance institutions (MFIs) around the country.More ...

The Laotian Times

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