Domestic or foreign investor that interested to established none-taking deposit micro finance institute must submit an application form with Lao Single window Unit (Ministry of Industry and Commerce) After that LSWD will forward the application form to Bank of Lao PDR together with necessaries documents and if all conditions are met, then BOL shall issue the temporary license for the investor to fulfill further requirements with 90 days. Once all requirements are met permanent license will be issue by Bank of Lao PDR and then investor could submit for business registration certificate with Department of Business registration (Ministry of Industry and Commerce) for their fully operation.
Title | Description | Create Date | Update Date | Issued By | File Download |
---|---|---|---|---|---|
No results found. |
Name | Measure Type | Agency | Description | Comments | Legal Document | Validity |
---|---|---|---|---|---|---|
Requirement to appoint liquidating agent for involuntary liquidation | Other measures | Bank of the Lao PDR | Within 5 working days of the issue of the involuntary liquidation order by the Bank of Lao PDR to liquidate a Savings and Credit Union, a Liquidating Agent shall be appointed by the Bank of Lao PDR. | - | Regulation For Savings and Credit Unions No. 03/BOL, dated 3 June 2008 | 31-12-9999 |
Procedure to establish deposit-taking microfinance institutions | Licensing (based on experience, track record, technical requirements, and/or other) | Bank of the Lao PDR | Individuals, entities or organizations who wish to establish deposit-taking microfinance institutions must submit an application and provide the required information. | - | Decree on Microfinance Institutions No. 460/G, dated 3 October 2012 | 31-12-9999 |
Requirement for Disclosure of Deposit-Taking Microfinance Institutions’ Financial Positions | Other measures | Bank of the Lao PDR | Deposit-Taking Microfinance Institutions shall publish their financial statements through media and at their head office. | - | Regulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 2008 | 31-12-9999 |
Requirement for name of a Non-Deposit Taking Microfinance Institution | Other measures | Bank of the Lao PDR | A Non-Deposit Taking Microfinance Institution shall use the name specified in the Registration Certificate. | - | Regulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 2008 | 31-12-9999 |
Requirement on maximum voluntary deposits for Non-Deposit Taking Microfinance Institutions | Numerical restrictions (other) | Bank of the Lao PDR | Non-Deposit Taking Microfinance Institution is allowed to accept and receive Voluntary Deposits not exceeding 200 million Kip in aggregate and in excess of 10 million Kip per depositor unless specifically authorised in writing to do so by the Bank of Lao PDR. | - | Regulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 2008 | 31-12-9999 |