The predecessor of the Microfinance Association (MFA), the Microfinance Working Group for the Lao PDR (MFWG), was founded in May 2007 by a group of microfinance practitioners as an informal platform to exchange experience, represent microfinance sector interests and coordinate donor activities. In October 2013, the MFWG obtained its temporary license as a non-profit association (NPA) from the Ministry of Home Affairs (MoHA). As a consequence, its name changed to Microfinance Association (MFA). MFA got its permanent license by middle of August 2018.
The MFA is the national microfinance industry’s umbrella organization. It gathers microfinance practitioners and other relevant stakeholders that share the ultimate goal of the association which is to improve access to appropriate and affordable financial services for poor and unbanked people.
111 MFA member organizations, in particular the 93 member MFIs and their staff that benefit from all the services of the MFA.
Primarily the members/clients of member MFIs who should benefit from better quality services and products as well as an improved social performance management of their MFI. The indirect beneficiaries can be estimated at 197,600 people.