On 25th of November 2020, AFC’s project partner, the Lao Microfinance Association, organized the Financial Inclusion Forum in Vientiane, in which all financial inclusion stakeholders in Laos took part.
The AFC Deputy Team Leader, of KfW-financed Lao Access to Finance Fund (LAFF), attended the session on Sustainable and Responsible Finance as panelist. He provided a brief introduction to the LAFF and its association with responsible finance to help raising awareness of the potential Partner Financial Institutions (PFIs) of the project and its obligation on Social & Environmental Standards.
In the name of AFC, he emphasized that one main element of the responsible finance that the LAFF funds will be focusing on is the SMART Campaign Client Protection Principles that will be contributing to providing financial services in responsible manner of the LAFF’s PFIs in Lao PDR.
Having the audience and participation of the complete Lao financial sector made this event a very important one. The financial inclusion is still very prominently on the agenda of the Lao government and of course plays a major role in all current AFC projects in the country.