Lao NEWS on LNTV: IFC helps micro, SMEs in Laos gain access to credit.25/5/2016

VO IFC helps micro, SMEs in Laos gain access to credit
INTRO: The International Finance Corporation (IFC), a member of the World Bank Group, is helping micro, small and medium enterprises in Laos gain access to credit by promoting loans using moveable assets. IFC’s Office Head to Laos, Phongsavanh Phomkong says this will allow businesses to obtain much-needed financing to grow, expand and create jobs.
STORY: IFC, the Lao Bankers Association and the Ministry of Finance’s State Asset Management Department are hosting a workshop in Vientiane from May 24-26 to encourage banks to boost lending using moveable collateral such as factory equipment, timber, tractors and other inventory.
Over 90 loan officers and university lecturers are learning about credit analysis and lending principles during the three-day training session.
The programme delivers in depth knowledge and skills to help participants effectively analyse credit for commercial lending, including lending against moveable assets.
IFC experts are sharing their knowledge of fundamental banking principles, risk management, micro and business risk analysis, finance s tatement analysis, cash flow analysis, financial projections, loan structuring and monitoring with local financial professionals.
It is said that, access to finance is a major constraint to doing business in Laos. Less than 20 percent of small and medium enterprises have access to long-term credit as many do not have real estate to use as a guarantee to obtain a loan.