Australia’s successful microfinance programmed warps up
Australia’s support for the Making Access to Finance More Inclusive for Poor People programme has showed a significant result over the half decade of the financial project for poor people in Laos.
The project was collaborated by, guided by and convened stakeholders throughout, including the United Nations Capital Development Fund (UNCDF).
Three parties – Australian Embassy (DFAT), the Bank of the Lao PDR (BOL) and the UNCDF – have worked together since 2013 to improve access to finance for low-income households and micro-entrepreneurs.
The programme worked at the macro, meso and micro levels, providing support to policy making and improving financial sector infrastructure to better meet the needs of financial service providers.
It also ensured that financial service providers were more responsive to the financial service needs of poor households and micro-entrepreneurs.
BOL Deputy Governor Ms. Vatthana Dalaloy, UNDP Resident Representative Ms. Kaarina Immonen and officials from Australian Embassy to Laos Ms. Jane Chandler attended the MAFIPP Closing Meeting on 28 November 2018 to assess the success of the MAFIPP project.