New Concept Deposit-Taking Microfinance Institution (NCM) is a premier licensed financial entity in Laos, dedicated to providing professional savings and credit solutions to the local community.
As a strategic subsidiary of the multi-industry conglomerate NCC Sole Co., Ltd, New Concept Microfinance was established to bridge the gap between traditional banking and the unbanked population. Led by Chairman Bouavieng Champaphan, NCM combines deep local insights with modern financial technology to empower Lao individuals and small businesses.
Historical development
Originally a financial division within the NCC Group, NCM evolved into a specialized Deposit-Taking Microfinance Institution to address the rapid economic expansion in Vientiane. Since early 2025, it has gained national recognition through strategic government engagement and academic partnerships.
Vision & mission
Vision: To become the most trusted and technologically advanced microfinance institution in Laos, fostering sustainable economic prosperity.
Mission: To deliver user-centric, secure, and innovative financial services that drive financial inclusion and empower local MSMEs.
Core values & strategic goals
Core Values: Integrity, Transparency, Community Empowerment, and Innovation.
Strategic Goals: * Expand digital lending accessibility across all Lao provinces.
Achieve 100% digital transformation in loan processing by 2027.
Strengthen financial literacy for 10,000+ local entrepreneurs.
Scale & operations
Scale: Part of the large-scale NCC Group ecosystem.
Personnel: Managed by senior financial experts including Deputy Directors Ms. Vanviengkhoang Phommala and Mr. Jacky Sisombath.
Market: Primary focus on Vientiane Capital and expanding regional reach to MSMEs and individual depositors.
Key products & services
Deposit Services: Flexible savings and fixed-term deposit accounts.
Working Capital Loans: Swift credit access for business liquidity.
Debt Consolidation: The signature "Home-to-Asset" solution to streamline multiple debts.
Long-term Installments: Flexible repayment terms extending up to 60 months.
MSME Support: Customized financial packages for small-scale entrepreneurs.
Quality commitment
High Loan Limits: Meeting substantial capital requirements.
Rapid Processing: Document approval within 24 hours.
Digital Support: Integrated online registration and dedicated customer service.
Featured events & achievements
Lao MSMEs Expo 2026: Honored to host Deputy Prime Minister Saleumxay Kommasith at the NCM booth at ITECC.
Academic Collaboration: Official partner of the Banking Institute of Laos, hosting professional field trips and educational workshops (2025).
CSR Initiatives: Large-scale charity mission at Naxao Nang School, donating computers and teaching equipment led by the Chairman.
Cultural Preservation: Active participation in the That Luang Festival 2025 (Wax Castle Procession).
Achievements: Fully licensed by the Bank of the Lao PDR (BOL) and recognized as a leading contributor to the MSME sector.
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