IFC, a member of the World Bank Group, is helping improve access to finance for Lao micro, small and medium businesses by assisting the Ministry of Finance in introducing “movable-asset” financing in the country.
In Lao People’s Democratic Republic, small and medium enterprises often do not own land or buildings that can be offered as security for loans. If banks accept movable assets such as machinery, crops, inventory, or livestock as collateral, smaller businesses will find it much easier to obtain credit.
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