First MOU Sealed with LASCU
- Date : Tuesday March 03, 2020
- Venue :
The meeting on March 3, 2020 in Vientiane recognizes the role of the newly registered Lao Association of Savings and Credit Unions (LASCU) as the lead organization in the promotion and strengthening of savings and credit unions in Lao PDR.
ACCU, DGRV and the Bank of Lao PDR expressed their commitment to provide support to build the institutional capacity of the association. The function of the SACUDIL (Savings and Credit Union Development in Laos) project will now be assumed by the association. The meeting approved the Manager of SACUDIL, Mr. Choua VaXiong as the interim CEO of the association.
At the same meeting, the Board of Directors of LASCU approved the business plan for 2020 and the strategic plan for 2021 to 2022.
ACCU and DGRV (German Cooperative and Raiffeisen Confederation) believe that it’s the Lao people who should take lead in chartering the future of the SCU movement in Laos. Both ACCU and DGRV will be supporting and guiding what LASCU considers best approach and direction.
The first Memorandum of Understanding was signed with the Lao Association Savings and Credit Unions (LASCU). The MOU provides details on both technical and financial support ACCU will provide to LASCU. The main objective of the MOU is to build the capacity of the association enabling them to fulfill their role in the promotion and strengthening savings and credit cooperatives. ACCU provides financial support to the association through its project with the Australian Mutuals Foundation.