Vientiane, Lao PDR – An official signing ceremony was held today at 2:00 PM at the PetroTrade Building for the Business Cooperation Memorandum of Understanding (MOU) between Fina Deposit-Taking Microfinance Institution Co., Ltd. and LOCA Company Limited.
The landmark agreement was presided over by Mr. Souliyo Vongdala (Co-Founder & CEO of LOCA Company Limited) and Ms. Souphaphone (Founder & CEO of Fina Deposit-Taking Microfinance Institution Co., Ltd.) to officially launch the “Fina Loan” feature on the LOCA Super App and jointly advance digital finance innovation across Laos.
A Strategic Synergy: Uniting Digital Mobility and Financial Inclusion
LOCA Super App: As Laos’ leading Super App and premier ride-hailing and transportation platform, LOCA serves as a central digital ecosystem connecting modern daily lifestyles. Beyond ride-hailing and logistics, LOCA provides integrated digital payments and services, backed by a massive ecosystem of active driver-partners and everyday app users nationwide.
FINA (Fina Deposit-Taking Microfinance Institution Co., Ltd.): As a fully regulated and licensed deposit-taking microfinance institution, FINA specializes in accessible financial solutions, savings products, and micro-loans. FINA is dedicated to empowering individuals and small entrepreneurs by offering safe, transparent, and fair-rate financial solutions.
By combining LOCA’s digital infrastructure and extensive user network with FINA’s financial expertise, this strategic alliance embodies a shared commitment to “Drive Forward Together”, focusing on three core pillars:
Empowering LOCA Drivers: Providing LOCA driver-partners with direct access to safe, transparent, and fully legal loan options. This alleviates capital access hurdles, reduces reliance on predatory informal debt, supports vehicle maintenance, and strengthens long-term income stability.
Enhancing User Convenience: Enabling general users on the LOCA Super App to access micro-loan services seamlessly through their smartphones, ensuring a safe, flexible, and modern financial experience.
Advancing the National Digital Economy: Building a robust foundation for digital financial infrastructure, promoting financial inclusion, and accelerating Laos’ transition toward a cashless society.
The partnership between LOCA and FINA marks more than just a new feature launch—it represents a pivotal milestone in combining technology and finance to enhance quality of life and power the sustainable growth of the Lao digital economy.
