Table of Contents

Acronyms & Abbreviations ...................................................................................... 3

Foreword by the Chair ............................................................................................ 4

1 Background of the MFA ................................................................................... 5

2 Vision, Mission and Core Values ..................................................................... 6

3 Organizational Structure .................................................................................... 7

4 Activities and Achievements 2015 .................................................................... 8

4.1 Capacity Building ........................................................................................... 8

4.2 Knowledge Management / Coordination ....................................................... 9

4.3 Advocacy/Representation .......................................................................... 10

4.4 Organizational Development ..................................................................... 11

5 Conclusions & Outlook .................................................................................... 12

Annexes .................................................................................................................. 12

Annual Report 2015 Page 3

Acronyms & Abbreviations

ADA Appui au Développement Autonome, Luxembourg

DFAT Australian Government/Department of Foreign Affairs and Trade

AFP Access to Finance for the Poor Project (GIZ)

BOL Bank of the Lao PDR

BRS Belgian Raiffeisen Foundation BWTP Banking with the Poor Network

DGRV German Cooperative and Raiffeisen Confederation

DPF Depositor Protection Fund

DTMFI Deposit Taking Microfinance Institution

FIF Fund for Inclusive Finance (UNCDF-MAFIPP)

FISD Financial Institution Supervision Department (BOL)

KfW Kreditanstalt für Wiederaufbau

IFC International Finance Corporation ILO International Labor Organization

INGO International Non-Government Organization

GIZ Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH

GOL Government of the Lao PDR MAFIPP Making Access to Finance more Inclusive for Poor People (UNCDF-BOL)

MCPI Microfinance Council of the Philippines (National Microfinance Network)

MFC Microfinance Center MFA Microfinance Association

MFI Microfinance Institution

MFWG Microfinance Working Group for the Lao PDR

MIX Microfinance Information Exchange MOIC Ministry of Industry and Commerce

NCAT Network Capacity Assessment Tool (SEEP)

NDTMFI Non Deposit Taking Microfinance Institution

NERI National Economic Research Institute

NGO Non Government Organization

NGPES National Growth and Poverty Eradication Strategy

NSO Network Support Organization

SCU Savings and Credit Union SEEP Small Enterprise Education and Promotion Network

SBFIC Savings Bank Foundation for International Cooperation

SPTF Social Performance Task Force

TOT Training of Trainers MoHA Ministry of Home Affairs

UNDP/UNCDF United Nations Development Fund/United Nations Capital Development Fund

USSPM Universal Standards of Social Performance Management

WEC World Education Consortium

Annual Report 2015 Page 4

Foreword by the Chair Dear Readers,

It is my pleasure to present you the Annual Report for 2015 of the Microfinance Association (MFA). Like in the previous year,

the MFA has taken a significant step forward on its path towards becoming a strong network organization of the microfinance sector in Laos. Indeed, in 2015 MFA membership increased from 59 to 66, a majority of which are microfinance institutions. This means a further strengthening of the MFA’s role as the representative body of the microfinance sector in Laos. While waiting for the permanent license from the Ministry of Home Affairs (MoHA), the MFA is allowed to perform its role in accordance with the association’s internal by-laws, since the delay is due to some institutional changes within MoHA. One of the highlights of the MFA’s institutional life in 2015 was the launch of the 1st Microfinance Management Certificate Course (MFMCC) in the Lao PDR. We are confident that this comprehensive course will help enhance the quality and performance of Lao MFIs. As we consider capacity building as key to success, MFA staff continued to receive on-the-job training from the advisor, director and invited consultants. We also sent our staff members to different trainings in and outside the country.

As a member-based organization, the MFA actively provides quality services to its members and offers them an open forum by organizing regular quarterly meetings. In addition, it continues playing its role as representative of its members, advocating and negotiating a more conducive legal and regulatory environment. The association gets continuous funding support from ADA Luxemburg, GIZ, DFAT and UNCDF/UNDP. Moreover, the association was also able to generate some income from services. I wish to express my sincere appreciation to my colleagues on the Board of Directors, to our members for their great support and participation and to the Bank of Lao PDR for their guidance. Also, I would also like to thank our management team led by our highly motivated director for their hard work and commitment to members, maintaining a good working relationship with all stakeholders and donors and taking the MFA a big step forward. Vientiane, March 2016

Vanhsy Chindavong MFA Chairperson

Annual Report 2015 Page 5

1 Background of the MFA The predecessor of the Microfinance Association (MFA), the Microfinance Working Group for the Lao PDR (MFWG), was founded in May 2007 by a group of microfinance practitioners as an informal platform to exchange experience, represent microfinance sector interests and coordinate donor activities. From 2008 onwards, the group was managed by two Co-Chairs (one national, one international) who worked on a voluntary basis. In 2010, a new Board consisting of two Co-Chairs and one Treasurer was elected. Subsequently, the two Co-Chair positions were replaced by a single Chair position filled by a Lao national. The international Co-Chair position was transformed into an advisory position to the MFWG as this would enable the Lao members to take on more responsibility and ownership. In October 2013, the MFA obtained its temporary license as a non-profit association (NPA), and in November it held its first General Assembly. At this meeting, the association members discussed and approved the MFA’s By-Laws and elected the members of the Board of Directors and Audit Committee. MFA members encompass regulated microfinance institutions (DTMFIs, NDTMFIs, SCUs and Network Support Organizations) as well as donors, bi/multi-lateral agencies, INGOs, service providers and individual microfinance experts. At the end of 2015, the MFA encompassed 66 members including 48 Microfinance Institutions (MFIs), which represent roughly 55% of the formal microfinance sector in the Lao PDR in terms of the number of MFIs. However, in terms of total loan portfolio and combined assets or total number of active borrowers, MFA members account for more

than 80% of the overall sector.

The organization is presently being supported by the following funding agencies / technical assistance providers: ADA Luxembourg, German Government through GIZ, UNCDF/UNDP, Australian Aid/DFAT and SBFIC. The MFA possesses all the necessary institutional resources and tools (by-laws, operations manual, internal control system, membership criteria, Code of Conduct, etc.) and carries out its operations based on its Strategic Plan 2015-2017. In 2015, the MFA launched the 1st Microfinance Management Certificate Course (MFMCC), which is designed to strengthen the capacities of the leaders of regulated Microfinance Institutions (MFIs) and will help to professionalize microfinance operations. This will have a stabilizing impact both on institutions and on the financial sector in the Lao PDR.

Annual Report 2015 Page 6

2 Vision, Mission and Core Values

Core Values

VISION: 'A major part of the Lao population has fair access to and uses efficient, high quality and sustainable financial services that are adapted to the needs and demands of the target group, beneficial to all and contribute to poverty reduction’

MISSION: To facilitate and support the provision of sustainable,

demand-driven, efficient and high quality services by Microfinance practitioners by (i) providing a platform to coordinate stakeholders and disseminate information & research, (ii) providing direct services to practitioners, and (iii) promoting an enabling environment for sector development’

Annual Report 2015 Page 7

3 Organizational Structure The MFA’s organizational structure is essentially determined by provisions issued by the Ministry of Home Affairs (MoHA) for NPAs (non-profit associations).

The General Assembly is the Association’s supreme authority and decision making body and comprises all members. The ordinary general assembly is held every three years. It has the power to amend the Association’s by-laws, to elect the members of the Board of Directors and Audit Committee, and to approve the reports and financial statements presented by the Association Office. Moreover, the Association has to organize an Annual Meeting for all members once a year.

The Board of Directors consists of five members: a Chairperson, a Vice-Chairperson, and 3 members. The Chairperson is the legal representative of the Association and represents the organization internally and externally. The term of the Board of Directors is 3 years. The

Board is responsible for the overall direction, strategy and control of management of the Association as well as for the formulation of policies. The Audit Committee consists of 3 persons who must be common members of the Association. It conducts regular audits of management, financial statements and usage of human resources of the Association. In addition, the Audit Committee monitors the implementation of resolutions issued by the annual meetings and board meetings.

The Association Office or Executive Secretariat is a permanent support organ of the Association providing support to the Board in the management and administration of the organization’s activities. The Association’s Office has a Director as its head. The Director is appointed by the Board. He/she is in charge of managing the day-to-day business of the Association.

Annual Report 2015 Page 8

4 Activities and Achievements 2015

4.1 Capacity Building 11 different trainings conducted

In 2015, the MFA was able to maintain the high number of trainings offered to members: 11 stand-alone training courses and workshops on different subjects such as ‘‘MICROFACT-Factsheet”, corporate governance for MFI BoDs and Managers, Marketing, Human Resources Management, Business & Portfolio Planning, Credit and Delinquency Management etc. have been organized. All in all, 222 staff members, managers and Board members from 45 member MFIs attended the trainings. A majority of the trainings were provided by Lao training institutes, while part of the workshops were delivered by foreign training providers. 5 Training of Trainers (ToT) courses on

various topics

In 2015, the MFA organized 5 Training of Trainers (ToT) courses which aimed to enhance the knowledge and skills of trainers in the Lao Microfinance sector. The ToTs covered the following topics: Training on teaching methodologies, Business and Portfolio Planning, Credit and Delinquency Management, Corporate Governance, as well as two ToTs for the Microfinance Management Certificate Course (MFMCC). Coaching to Members

During the entire year, the MFA coached MFI and SCU members in the following topics: good governance, Human Resources Management and use of the “Factsheet” (financial performance reporting tool); in total, coaching was provided to 9 SCUs and 10 MFIs.

1st batch of ‘Microfinance Management

Certificate Course’ launched

In the year under review the MFA, in partnership with the Bank of Laos (BOL), inaugurated the very first national Microfinance Management Certificate Course (MFMCC). This unique course will strengthen the capacities of leaders of licensed MFIs and SCUs. In addition, it will help to professionalize microfinance operations. The trainings are facilitated by the MFMCC team of local trainers who were certified in early September 2015. The design & development of the course and the ToT workshops were financially supported by the NGO ADA Luxembourg. The translation of training materials and training deliveries were funded by UNCDF-MAFIPP and the German Government through GIZ-AFP. In the 2nd half of 2015, two ToTs were conducted for a group of 17 trainers. Of these, 11 were certified as MFMCC trainers and 6 as co-trainers. The first batch of the MFMCC took place between September and December and comprised a total of 29 days. 28 participants (24 MFI managers and 4 BOL-FISD staff) attended the training.

The MFMCC is composed of 8 different modules. At the end of the course, participants have to pass a test with a grade of at least 70 percent in order to be graduated.

Annual Report 2015 Page 9

4.2 Knowledge Management /

Coordination External relations / Sector representation During 2015 the MFA attended various MFI meetings organised by BOL, UNCDF, IFC, GIZ, MOIC and the NPA Learning House. Moreover, 3 representatives of the MFA, namely the Chairwoman, the Executive Director and the Capacity Build-ing/Advocacy Officer attended the SPTF Annual Meeting in Siem Reap, Cambodia from June 8to 12.. The meeting focused on three questions: 1. How can social performance management (SPM) help financial institutions address common operational challenges? 2. How can SPM contribute to responsible and transparent financial markets? 3. How can our industry better measure and report the outcomes of our work? In addition, two MFA representatives participated in the Asia-Pacific Financial Inclusion Summit 2015 which took place from 27-29 October in Manila.

100% of MFA members endorsed Code of Conduct The Code of Conduct for MFA members, which was approved by the MFA Board in March 2014, has formally been endorsed by 48 members until the end of 2015. This means that all MFI members (including MFIs and SCUs), whose number increased from 38 at the end of 2014 to 48 in late 2015 have signed on to the Code. The document encompasses primarily the principles & standards on client protection, but also includes some principles regarding relations with employees, the MFA and other stakeholders.

3 member meetings and 1 exchange gathering During2015 4 member meetings were held (in March, July, September and December). The focus topics highlighted at the gatherings were: Expansion of MFIs’ business; Interest rate levels in the Lao MF sector; Techniques of access to external funds;, Credit and Delinquency Management;, and “How to become a member of BOL Credit Bureau without any fee”. 1 member meeting was held in Champasak province as an exchange

gathering between members from the Northern, Central and Southern regions.

1 issue of the MFA Newsletter produced In 2015 the MFA produced one edition of its Newsletter. The issue highlighted two topics which are important for the relations of the MFIs with their clients: the Code of Conduct for MFA members and the issue of high interest rate levels in the Lao microfinance sector.

Information meetings with potential foreign investors During 2015the year under review, the MFA management team received representatives from 6 different official, social and commercial investors/funders that sought information about investment opportunities in the Lao microfinance sector and the legal and regulatory environment for foreign investment. These were: the “Investment Management”, PlaNet Finance Japan, Asian Development Bank, IFC, AFD as well as a private Chinese investor.

MFI performance monitoring & benchmarking further strengthened The MFA Performance Monitoring and Benchmarking system set up in early 2012 was continued and further strengthened in 2015. The number of reporting members almost skyrocketed from 24 for the data as of June 2014 to 37 for the June 2015 data. Moreover, the MFA held several meetings with BOL technicians in order to discuss the ways in which the two institutions process, analyse and publish performance data and to exchange and reconcile the corresponding numbers.

Annual Report 2015 Page 10

4.3 Advocacy/Representation MFA Statement on policy issues Like in previous years, the MFA submitted a statement on policy issues affecting the microfinance sector to the BOL. In this case, the document highlighted different aspects of the thorny issue of high interest rates in the Lao microfinance sector. Regular meetings with BOL-FISD BOL-FISD and the MFA Board and Management held regular quarterly meetings during 2015. Participants were the FISD

Director General, Deputy Directors, Heads of Division and staff, as well as members of the MFA Board, the Director and MFA technical staff. The purpose of the meetings was to exchange about the developments in the microfinance sector in the Lao PDR and to review the MFA and FISD activities as well as to plan new activities.

Committee of Depositor Protection Fund In October 2014, the MFA Director was appointed as a member of the Depositor Protection Fund’s (DPF) committee charged with preparing the draft decree of the DPF. The MFA provided its comments on the last and final draft of the decree in the 4th quarter of 2015.

Sport and Social Events

The MFA, jointly with its members and FISD, organized a Friendship Sports / Social Event on the occasion of the Women’s day on 6th March; it also celebrated the 5th anniversary of the establishment of FISD together with its representatives. The second big sports / social event was held on 3rd October 2015 with more than 100 participants. The purpose of the event was to create an opportunity for MFA/MFIs/SCUs/FISD staff to get to know each other. MFA members suggested continuing this kind of events on a quarterly basis and building an MFA/Member sports team.

Annual Report 2015 Page 11

4.4 Organizational

Development Four Board of Directors meetings

Four Board of Directors meetings were held during 2015 (in January, July, September, and December). Important topics dealt with by Directors were: the MFA registration process, the budget 2015 and its different funding sources, transparency and other challenges of the sector.

Funding agreements with ADA and GIZ signed At the beginning of 2015, the MFA was able to sign a new co-financing agreement with the Luxembourg-based NGO ADA. The agreement extends over 12 months, until the end of December 2015. In addition, in June the MFA inked a financing agreement with GIZ, the German Technical Cooperation, which also runs over a period of one year.

External Audit of the MFA Financial Statements 2014 As in previous years, the MFA had its financial accounts audited by an independent audit firm recognized by BOL. For the 3rd time in a row, the external audit was carried out by the company Asia Pacific Accounting and Audit Services Sole Co., Ltd. (APAS). The audit report was distributed to all partners that provide financial and technical support to the MFA.

Considerably expanded capacities In 2015, the MFA was able to reinforce its human resources. On the one hand, the Capacity Building & Advocacy function was bolstered by the recruitment of a NSO-Village Bank Trainer and the arrival of the GIZ-funded German Training expert in the last quarter of the year. On the other hand, the officer in charge of Knowledge Management, Administration & Finance is now being supported by two assistants. Furthermore, the MFA was in a position to recruit a Communication Officer. With these additional staff members, the MFA had a total of 7 employees at the end of 2015. MFA’s financial viability substantially improved As the yearly monitoring of the expected outcomes as defined in the MFA’s Strategic Plan revealed, the association has been able to considerably improve its financial viability in 2015. Indeed, the Core Cost Recovery Ratio (earned income / core costs) increased to 78% in 2015 as compared to 17% on average in 2012/2013. As for the Self-sustainability ratio (earned income / total income), the MFA was able to more than double it from a low 7% in 2012/2013 to 16% in 2015.

MFA Membership hits 66 A total of 10 new members joined the MFA in 2015. These are: NDTMFI Thavisok, NDTMFI Saleumsouk, NDTMFI Xayoudom, NDTMFI Xokkhounsab, NDTMFI Vilabouly Daenkham, NDTMFI Chanchaleun, NDTMFI Vandala, NDTMFI BDP, DTMFI Borkhamchalernsab, and DTMFI Champasak. This brings the total number of MFA members as of the end of 2015 to 66.

Annual Report 2015 Page 12

5 Conclusions & Outlook 2015 was the first year of implementation of the MFA’s Strategic Plan 2015-2017. This plan sets ambitious goals for the MFA both in terms of quantity and quality of services to be delivered to members and with regard to boosting the financial and institutional viability of the organization. Regarding the main area of intervention under the new strategy, the field of Capacity Building for member organizations, the MFA has taken a great leap forward in the year under review: the final preparation and launch of the long-awaited Microfinance Management Certificate Course. This unique course will strengthen the capacities of the leaders of licensed Microfinance Institutions (MFIs) and will help to professionalize microfinance operations. The year 2015 saw the organization of 2 ToTs as well as the implementation of the first batch of this important training. Another highlight of the year lying behind us was the agreement between the MFA and donors to start a program on Financial Education and training on SME-Business and Marketing planning for clients of MFI members. Another important outcome of 2015 is the endorsement of the MFA Code of Conduct by all 48 MFIs members. The Code is a crucial tool in order to help MFIs improve their social performance and to make sure that they put the interests of clients first. In terms of reinforcing capacities of the MFA itself, we were able to considerably expand our human resources by recruiting a national Microfinance trainer and a Communication officer as well as by obtaining the support of a German training expert from GIZ. This will help to strengthen local capacities and increase MFA’s potential to provide quality services to its members.

However, despite these achievements there are still a few challenges lying ahead.

In order to continue developing its services to members and to cover its operational costs, the MFA needs to further expand its funding sources, both in terms of member fees / generated income and subsidies from donors. In particular, the MFA must go on taking steps to boost its self-generated income in order to further enhance its financial viability and reduce its dependency on foreign funding in relative terms. To this end, it is imperative to review the member fee structure and to expand income generating activities. This also means that members must be prepared to pay market prices for services. Finally, the MFA should further expand its technical staff and strengthen its capacities in order to successfully implement its strategic plan as well as to provide a broader range and better quality of services to its members in the years ahead.

Annexes Annex 1: Audited Financial Statements 2015 of the MFA Annex 2: Members list as of 31/12/2015

Annual Report 2015 Page 13

Annex 1: Audited Financial Statements 2015 of the MFA

AUDITORS’S REPORT TO THE MICROFINANCE ASSOCIATION We have audited the accompanying financial statement of the Microfinance Association (“the MFA”) for the period from 1st January 2015 to 31st December 2015 funded by Appui au Dévelopement Autonome, Luxembourg, Deutsche Gesellschaft fuer Internationale Zusammmenarbeit GmbH, Australian Government/Department of Foreign Affairs and Trade, United Nations Development Program/United Nations Capital Development Fund, Savings Bank Foundation for International Cooperation, Swiss Agency for Development and Cooperation, and other donors (“Donors”) on page to, which have been prepared in accordance with the principal accounting policies set out in Note 2 to the financial statement. Respective responsibilities of the Microfinance Association and the Auditors The Microfinance Association (“the MFA”) officers are responsible for the preparation of the financial statement, which give a true and fair view. In preparing the Financial Statements, which give a true and fair view, it is fundamental that appropriate accounting policies are selected and applied consistently. It is our responsibility to form an independent opinion, based on our audit, on these financial statements and to report our opinion to you. Basis of opinion We conducted our audit in accordance with International Standard on auditing. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgments made by the Microfinance Association Office (“Office”) officers in the preparation of the financial statements, and of whether the accounting policies are appropriate to the Project’s circumstances, consistently applied and adequately disclosed. As described on the statement of receipts and disbursements, and the statement of fund balance were prepared on a cash basis.

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Annex 2: MFA Members List (Status: December 2015)

23 Non-Deposit Taking Microfinance Institutions (NDTMFIs)

NDTMFI Odomxay Development

House No. 307, Unit 21, Na Laoh Village, Xay District, Oudomxay Province. PO Box 072. Lao PDR Tel: 081-211025 Fax: 081 312368, E-mail: microfinance_odx@yahoo.com

NDTMFI Xayniyom

Nong meuangda Village, Xay District, Oudomxay Province, Lao PDR.

Tel/Fax:081 211853 Mob: 020 55682999, E-mail: khan_xmi@yahoo.com

NDTMFI Homsabphatthana

Xaysomboun Village, Luang Namtha Province, Lao PDR.

Tel/Fax: 086 212184/856, 212164 Mob: 020 54344331, 28818008,

E-mail: soulamek@gmail.com

NDTMFI Hongsa-Ngeun

Phonxay Village, Hongsa District, Xayyabouly Province, Lao PDR. Tel/Fax: 074 860002 Mob: 020 55577662, 56447234, E-mail: chaykham.ccsa@gmail.com

NDTMFI khob-Xienghon

Phabong Village, Khob District, Xayyabouly Province, Lao PDR.

Tel/Fax:074 710056 Mob:020 55161721, E-mail: thanousone.soukhounthong@giz.de

NDTMFI Thaveesab

Xaysaard Village, Samukkhixay District, Attapue Province, Lao PDR.

Tel: 036 210099, 020 99788646, 020 58477100

NDTMFI Hom District

Khonvat Village, Hom District, Vientiane Province, Lao PDR. PO Box: 713 Tel/Fax: 023 281020 Mob: 020 55410405, E-mail: khamkai2013@hotmail.com

cdtclaos@yahoo.com

NDTMFI Vandala

Sivilay Village, Phon Hong District, Vientiane Province, Lao PDR.

Mob: 020 55623548, 55017822, 55524664 E-mail: paovandala@gmail.com , khantheokeodala@hotmail.com

NDTMFI Thavisok

KM52 Village, Phon Hong District, Vientiane Province, Lao PDR. Mob: 020 28581111 E-mail: thavisokinthavong@hotmail.com

NDTMFI Xokkhounsab

Houay e lert Village, Hinherb District, Vientiane Province, Lao PDR Mob: 020 97043801, 030 5933582 Email: xokkounsab@gmail.com

NDTMFI Saleumsouk

Hongkaikeo Village, Chanhthabouly District, Vientiane Capital, Lao PDR.

Mobile: 020 22218091 , E-mail: saleum@saleumsouk.com

NDTMFI Xayoudom

Thatluang Tai Village, Xaysettha District, Vientiane Capital, Lao PDR.

Mobile: 020 99998729 , E-mail: saleum707@hotmail.com

NDTMFI OdomEk

Nongduang Village, Sikhodtabong District, Vientiane Capital, Lao PDR.

Tel: 021 256171 Mobile: 22003839, E-mail: somsack.oudomek@gmail.com

NDTMFI BDP

Unit 1, Donepamai Village, Sisattanak District, Vientiane Capital, Lao PDR.

Tel: 021 316505 Fax: 021 316506, E-mail: chansada.kyophilavong@gmail.com

NDTMFI SaSomSab

Nakhuay Village, Xaysettha District, Vientiane Capital, Lao PDR.

Tel: 030 9812050 Mob: 020 56010506, 020 55555639, E-mail: chanpheng.lilavong@gmail.com

NDTMFI Khouamvangmai

Bornangua Village, Chanhthabouly District, Vientiane Capital, Lao PDR.

Tel/Fax: 021 540145, E-mail: Info.kvmmfi@gmail.com

NDTMFI Alunmai

Huakhua Village, Xaysettha District, Vientiane Capital, Lao PDR.

Tel/Fax: 021 265660, E-mail: alunmai_mf@hotmail.com

Annual Report 2015 Page 18

NDTMFI Next

Phonkheng Village, Xaysettha District, Vientiane Capital, Lao PDR. Tel: 021 670995 Mob: 020 22217902, E-mail: nextmfi@gmail.com

NDTMFI Chanchaleum

Napong Village, Khongsedon District, Salavanh Province, Lao PDR.

Mob: 020 56369999 , E-mail: toukeophet@gmail.com

NDTMFI Vilabouly Daenkham

Boungkham Village, Vilabouly District, Savanhnakhet province, Lao PDR.

Tel 041 660246 Fax: 660246 Email: vanthanome@giz.de

NDTMFI Houngheuangxab

Phanom Village, Luangprabang District, Luangprabang Province, Lao PDR.

Tel: 030 9972623 Fax: 071 213341,

E-mail: phoum.lao@gmail.com

NDTMFI Phongsaly for Development

Homsavang Village, Bounneua road, Phongsaly District, Phongsaly Province, Lao PDR.

Tel/Fax: 088 210234 Mob:020 55537055,

E-mail: khamkai2013@hotmail.com, ifdpmfi@yahoo.com

NDTMFI SouayKanPhatthana

Phanhxay Village, Fathy road, Xamnuea District, Huaphanh Province, Lao PDR. Tel/Fax: 030 5160 961, 064 312060, E-mail: soukvilay1@hotmail.com

12 Deposit Taking Microfinance Institutions (DTMFIs) DTMFI Women and Family

Development Fund

Phonthun neua Village, Xaysettha District, Vientiane Capital, Lao PDR.

Tel/Fax: 021 454 553, E-mail: pick_s178@yahoo.com

DTMFI Borkhamchalernsab

Oubmong Village, Sikhodthabong District, Vientiane Capital, Lao PDR.

Tel: 021 213984 Fax: 021 242675 Email: Microfinancesnp@gmail.com

DTMFI Ekphattana

Haisok Village, Chanhthabouly District, Vientiane Capital, Lao PDR.

Tel/Fax: 021 244428; 021 244395, E-mail: somphone.s@mfclao.com ; chantha.bp@mfclao.com

DTMFI Phonevaly

Hatsady Village, Chanhthabouly District, Vientiane Capital, Lao PDR. Tel: 021 222676 Mob: 020 55693078, E-mail: info@pvlmfi.com

DTMFI Patukham

Vatchanhtha Village, Chanhthabouly District, Vientiane Capital, Lao PDR.

Tel/Fax: 021 254100, E-mail: khanmany@gmail.com

DTMFI Sokxay

Sisavarth Village, Chanhthabouly District, Vientiane Capital, Lao PDR. Tel 020 96916195 , E-mail: anousack2015@gmail.com

DTMFI Newton

Vattainoy tha Village, Luangprbang road, Vientiane Capital, Lao PDR.

Tel: 021 223447 Fax: 021 217771, 020 54543839, E-mail: info-newton@excite.com

DTMFI Development

Song peuay Village, N13 road, Naxaythong District, Vientiane Capital, Lao PDR. Tel/Fax: 021 650087 Mob: 020 55513278, E-mail: somchit_rdc@hotmail.com

DTMFI Manee

Hatsady Village, Chanthabouly District, Vientiane Capital, Lao PDR.

Tel: 021 214472 /Fax: 021 261774 E-mail: szsinyar15@gmail.com

DTMFI Champa Lao

Unit 01, House no, 02, Phetsararth road, Khoi Village, Luangprabang Province, Lao PDR. Tel/Fax: 071 260 550; 071 260 660; 020 58182100, E-mail: souphontouy@yahoo.com

Annual Report 2015 Page 19

DTMFI SaynhaiSamphanh

House No. 183, Lattanalungsy Village, Sisavangvong road, Kaysonephomviharn District,

Savannakhet Province.

Tel/Fax: 041 214596 Mob: 0205541171, E-mail: saysamone_ssdtmfi@yahoo.com

DTMFI Champasak Limited

Keosamphanh Village, Pakse, Champasak Province, Lao PDR. Tel/Fax: Mob: +856 20 7744 3366, E-mail: asoulimeuangchan@gmail.com

13 Saving and Credit Union (SCUs)

SCU Vientiane

Namlin Village, Phon hong District, Vientiane Province, Lao PDR.

Tel/Fax: 023 212073, 020 56524073, E-mail: scuvte@gmail.com

SCU Mittaphap

Nathome Village, House No. 353, Unit 05, Xaythany District, Vientiane Capital, Lao PDR. Tel/Fax: 021 771497 Mob: 020 22229845, 020 55560419, E-mail: scumittaphab@gmail.com

SCU HuasaeChaleun

House No. 129, S13 road, Huasae Village, Bachieng District, Champasak Province, Lao PDR.

Tel/Fax: 031 900 173 Mob:020 5575 8279, E-mail: saiyakai@hotmail.com

SCU Development Keosamphanh

PhattanaKeosamphanh Village, Pakse District, Champasak Province, Lao PDR.

Tel: 031 213687, Fax: 031 213 687, Mob: 020 55133999, E-mail: kham@laotel.com

SCU Houayyangkham

Houayyangkham Village, Pakse District, Champasak Province, Lao PDR.

Tel: 020 22 202 207 / 020 55 944 273 / 031 212 962

SCU Nonghaikhok

Nonghaikhok Village, Phon thong District, Champasak Province, Lao PDR.

Tel: 030 955 9866, E-mail: sackeayph@gmail.com

SCU Vanmai

Laohngarm Village, Laohngarm District, Salavan Province, Lao PDR. Tel/Fax: 034 300 226 Mob: 020 2226 8484, E-mail: vanmaiscu@gmail.com

SCU HouamchayPhatthana

Unit 05, Dongdamduan Village, Kaysonephomviharn District, Savanhnakhet Province, Lao PDR.

Tel/Fax: 041 252153 Mob: 020 22101519, E-mail: boudsady.scuhp73@gmail.com

SCU Paksong

Paksong Village, Songkhone District, Savanhnakhet Province, Lao PDR.

Tel/Fax: 041 530355 Mob: 020 23602387, E-mail: scupaksong@hotmail.com ,vilay_vanh@hotmail.com

SCU Seno

House No. 201, No.9 road, Xayyamoungkhoun Village, Outhoumphone District, Savanhnakhet Province.

Tel/Fax: 041 431 430 Mob: 020 23545368/ 56826588, E-mail: scuseno@hotmail.com

SCU Thakhek

House No. 094, Chao Anou road, Thakhek kang Village, Thakhek District,

Khammuan Province, Lao PDR.

Tel/Fax:051 251 190 Mob: 020 22248180, E-mail: scuthakhek@hotmail.com

SCU LuangPhrabang

Viengkeo Village, Luangprabang District, Luangprabang Province, Lao PDR. Tel: 071 260112 Fax: 071 260112, E-mail: lpscu3@yahoo.com

FondsCooperatif

Nelamit road, Thongkhunkham Village, Chanthabouly District, Vientiane Capital, Lao PDR. PO Box 7437. Tel: 021 261825 Fax: 021 261825,

E-mail: fcsa@etllao.com ; Phetdara.fc@gmail.com

Annual Report 2015 Page 20

Local Partners, International Funders and Technical Assistance Providers

Ministry of Home Affairs

We would like to thank our funders and partners

for their technical and financial support in 2015.

Microfinance Association (MFA) Unit 13, Simuang Village, Sisattanak District P.O.Box: 4030, Vientiane Capital, Lao P D R

Email: mfa@laomfa.org Web: www.laomfa.org Tel: +856 21 226018/+856 30 9481265 /Fax: +856 21 226019