English   |   ไทย
  • Home
  • About Us
  • Organizations
  • Resources
  • FAQ
  • Contact Us

Home Archives
FAQs

1. What is Micro-Credit?


2. What is a MFI?


3. Who are the clients of microfinance?


4. How does microfinance help the poor?


5. Aren't the poor too poor to save?


6. Why do MFIs charge such high interest rates to poor people?


more FAQs...

Events

July-Oct 2009 - Microfinance Training of Trainers Course
»An online training program for people interested in microfinance. Course materials are in English and in Thai.


21-25 September 2009 - Second ECHO Agricultural Conference (Chiang Mai)


Home


30 October, 2009

 

Finance Ministry Backs BoT Microfinance Plan


BANGKOK, Oct 27 (TNA) – Finance Minister Korn Chatikavanij on Monday said that the Ministry of Finance supports the Bank of Thailand (BoT) plan to establish microfinance to address informal debts.

Under the plan, persons with sufficient capital will be permitted to seek a license to provide financial services to local people at the grass-roots level to ensure they have an easier access to sources of funds.

He said details of the plan would be raised for discussion at the meeting of economic ministers. It is expected the plan would be wrapped up and proposed to the cabinet for consideration soon.

Additionally, to serve the increased loan demand under the Thai Khem Keng (strong Thailand) scheme, Mr. Korn said, the ministry policy is to have the state-owned Krung Thai Bank play a key role in lending to entrepreneurs, particularly contractors and operators of supporting business, to ensure they have sufficient liquidity.

KTB has the potential to carry out the goal as it increased its target lending from Bt300 to Bt450 billion this year.

He said the economy shows clear signs of recovery, boosted by increased demand both internally and externally.

However, the recovery had not yet come from expansion of private-sector investment, he said. (TNA)

Source: MCOT English News



Comments:

Post a Comment





<< Home

This page is powered by Blogger. Isn't yours?


Home   |   About Us   |   Organization   |   Resources   |   FAQ   |   Contact Us

Copyright © 2009 MicroFinance Thailand. All Rights Reserved.