Representatives of Supmankhong Deposit Taking Microfinance Institution Co., Ltd., the Bank of the Lao PDR, government officials and business operators yesterday attend the grand opening of Supmankhong Deposit Taking Microfinance Institution Co., Ltd. in Vientiane.

Supmankhong Deposit Taking Microfinance Institution Co., Ltd. opens its doors to the public

Supmankhong Deposit Taking Microfinance Institution Co., Ltd. officially began operations yesterday, located in Nongnieng village, Xaysettha district, Vientiane.
The opening ceremony of the microfinance institution was attended by Xaysettha district deputy governor Mr Khamsavanh Khotxay, representative of the Bank of the Lao PDR, Mr Visone Xaysongkham, the business’s Director, Mr Suradej Punturaumporn, and a shareholder representative of Supmankhong Deposit Taking Microfinance Institution Co., Ltd., Mrs Vilakham Savanvaly.

The Director of Supmankhong Deposit Taking Microfinance Institution Co., Ltd., Mr Suradej Punturaumporn.

Mr Suradej said the microfinance institution was established with registered capital of 30 billion kip.
“The microfinance business is a financial institution under the supervision of the Bank of the Lao PDR and follows the vision of our microfinance institution, which is to provide excellent microfinance services, supporting customers to grow financially, improve the quality of life of customers, and make them a leading financial institution in Laos,” he added.
“We will continue to upgrade service standards with modern technology in the digital 4.0 era, while also developing products that are modern, easy to access, fast, and meet customer needs in a creative and valuable way.”
The company will create value for shareholders by ensuring a fair balance between shareholders, employees, customers and business partners and within the strict regulations of the Bank of the Lao PDR and relevant sectors.
Mr Suradej said the company has three main functions, namely accepting deposits from individuals and legal entities in the form of savings, short-term, medium-term, and long-term deposits that earn reasonable interest rates.
Supmankhong also acts as a loan provider, meeting the needs of today’s society by helping to spur the growth of small and medium-sized businesses, especially tradespeople and service providers, and the industry, crafts and agricultural sectors, through the provision of fast, secure, highly accurate and integrated services.
In addition, the company acts as an intermediary in convenient and highly secure money transfers between commercial banks in Laos.
The official launch of the microfinance institution took place to inform members of the public that they can deposit money and obtain a loan using financial services that are secure, safe, and stable.

By Advertorial Desk
 (Latest Update April 25, 2025)