The Bank for Agriculture and Agricultural Cooperatives (BAAC) is in full gear to set up its new microfinance program. Starting in April, the BAAC plans to operate a new Village Banking program with a loan fund of 3,000 million baht ($150 million USD). Interest rates are expected to be subsidized with a rate of around 6-10% per year.

In order to be prepared for operations, the BAAC is currently recruiting an additional 1000 staff. To date, 76,000 people have registered to take the required entrance exam in hopes of receiving one of these positions.

Source BAAC website