Manee Microfinance launches in Vientiane
Manee Microfinance launches in Vientiane
Manee Microfinance institution (a business unit of Manee Group Limited) is now open to taking deposits and granting loans after its headquarters was officially launched in Vientiane on Monday.
The office is located close to the Talatsao shopping mall in Hatsady village, Chanthaboury district.
Manee Microfinance is offering interest rates of 4.50 percent a year for savings deposits. Meanwhile fixed deposits attract interest rates of 7.50 percent for three months, 8.50 percent for six months, 12.50 percent for 12 months, 15 percent for 24 months, 16 percent for 48 months and 17 percent for 60 months.
The institute is one of the important microfinance institutes in Vientiane to expand its services by offering modern services, facilities, speed and safety guarantees, the Manee Group Limited President Mr Xaysana Phommavixay said at the ceremony.
The institution is also contributing to competition after the country integrated with the Asean Economic Community at the end of last year.
The institution plans to establish one branch in Sihom village in the same district for service expansion to supply demand in society, Mr Xaysana said.
He promised that on behalf of the Manee Group Limited he will try to administrate and develop the institute with transparency of service, safety, confidentiality and international standards.
The institution should take high responsibility in two major positions, Bank of the Lao PDR Deputy Governor, Mr Sonexay Sitphaxay, stressed.
One is to manage deposits well for the confidence of depositors while the other is to follow the loan credit after releasing it for people's benefit, he said.
The institution should not look to get only the interest and property security from borrowers but should monitor how they spend their loans, Mr Sonexay suggested.
The grand opening ceremony was also attended by the the Director General of the Financial Institution Supervision Department at the Bank of the Lao PDR, Dr Akhom Praseuth, Chanthabouly district Governor, Ms Boualone Vongdarasaen, General Director of Manee Group Limited, Ms Bounhom Phommavixay along with government officials from the relevant sectors and business operators.
