APA 6th ed. ຊາປ່າ / Wild Tea. (2019, July 23). Retrieved from https://www.phakhaolao.la/kb/0000477
MLA 8th ed. ຊາປ່າ / Wild Tea. Pha Khao Lao, 23 July 2019, https://www.phakhaolao.la/kb/0000477.
Chicago 17th ed. Pha Khao Lao. 2019. "ຊາປ່າ / Wild Tea." Published July 23, 2019. https://www.phakhaolao.la/kb/0000477.
Anoby Bank
Anoby Bank is a poverty alleviation, rural development and agriculture focused bank financed directly by the Bank of Lao PDR. It has no capital of its own and confines its work to the 46 poorest districts in the country. In Xieng Khouang Province, the poor districts are Phou Kout, Kham and Khoun. Kham and Khoun districts already have branches and a branch in Phou Kout is scheduled to open in 2017. Preferences are given to groups of 5 to 50 million kip per family and not exceeding 200 million per group. Interest rates are 5% p.a. but less with 2 to 5 year loans and no collaterals are needed. The strong point of the bank is “joint solidarity groups” whereby each member of the group guarantees the loan repayments of each member of the group. The bank also has a training component. So far, no loans have been taken out for tea growers in Xieng Khouang Province, but Anoby Bank seems very interested in the tea sector and Phou Kout District in particular.
Agriculture Promotion Bank
The Agriculture Promotion Bank (APB) provides loans for agricultural production, small business and related sectors. In Xieng Khouang Province, the APB mainly supports maize, livestock and fish production activities. Loans may be given to individuals or groups of 5 to 6 households over a period of 1 to 5 years with a ceiling of 10 to 50 million kip. If income from the loan activities do not accrue for several years (as can be the case in tea production), the borrowers can just repay the loan interests and not the principle until production revenues begin. Compound interest rates are set at 12–15% per year. As regards required documentation for loan applications, borrowers must have a set of standard Lao ID cards, family books, land use titles or property which can serve as loan collateral. The APB Credit Department is interested in the tea sector for Xieng Khouang Province, but so far the bank has not made any loans in this sector. The APB has branch offices in all districts of the province and welcomes viable agriculture proposals. (Pedersen et al., 2016)