Post by account_disabled on Jan 1, 2024 20:45:30 GMT -8
Mr. Pornchai Teerawet, economic and financial advisor As a spokesperson for the Fiscal Policy Office (FPO), it was revealed that in September 2019, there were people interested in applying for permission to operate a provincial-level microfinance business under supervision (pico finance loans), both types of pico finance. (Having a paid-up registered capital of not less than 5 million baht, providing loans to the public not exceeding 50,000 baht per person and charging interest not exceeding 36% per year. and Pico Plus type (Paid-up registered capital is not less than 10 million baht. Grants credit to the public not more than 100,000 baht per person and charges interest not more than 36% per year for credit lines not exceeding the first 50,000 baht and for credit lines exceeding 50,000 baht onwards.
Can collect no more than 28% per year. There is still a tendency to Country Email List increase continuously. Pico Finance Loan From December 2016 until the end of September 2019, there were a total of 1,213 legal entities applying for permission to operate the Pico Finance business, both Pico Finance and Pico Plus, in 76 provinces. However, during that period, there were legal entities that returned their applications. There are a total of 125 entities in 51 provinces, so there are 1,088 legal entities that have applied for permission in 75 provinces. The cumulative total of those who have received licenses to operate both types of pico finance loans is 710 in 72 provinces, which have already announced the opening of operations. 590 people in 68 provinces and 555 business operators who have issued loans in 67 provinces At the end of August 2019, there were a total of 119,551 approved loan accounts totaling 3,137.05 million baht, an average of 26,240.21 baht per account.
There were a total of 44,861 outstanding loans totaling 1,273.01 million baht. There were 5,574 outstanding loans that were outstanding for 1-3 months, or Representing 173.08 million baht or 13.60% of the total outstanding loans. And there are 4,253 outstanding loans that are more than 3 months old (NPL), or 123.70 million baht, or 9.72% of the total outstanding loans. Small loans for emergency expenses Since March 2017, the Government Savings Bank and the Bank for Agriculture and Agricultural Cooperatives (BAAC) have approved microloans for emergency expenses as an alternative for people to access financial sources in the system to replace informal debt. Not more than 50,000 baht, interest rate charged 0.85% per month as of the end of September 2019, a total of 622,063 loans were approved, amounting to 27,357.27 million baht.
Can collect no more than 28% per year. There is still a tendency to Country Email List increase continuously. Pico Finance Loan From December 2016 until the end of September 2019, there were a total of 1,213 legal entities applying for permission to operate the Pico Finance business, both Pico Finance and Pico Plus, in 76 provinces. However, during that period, there were legal entities that returned their applications. There are a total of 125 entities in 51 provinces, so there are 1,088 legal entities that have applied for permission in 75 provinces. The cumulative total of those who have received licenses to operate both types of pico finance loans is 710 in 72 provinces, which have already announced the opening of operations. 590 people in 68 provinces and 555 business operators who have issued loans in 67 provinces At the end of August 2019, there were a total of 119,551 approved loan accounts totaling 3,137.05 million baht, an average of 26,240.21 baht per account.
There were a total of 44,861 outstanding loans totaling 1,273.01 million baht. There were 5,574 outstanding loans that were outstanding for 1-3 months, or Representing 173.08 million baht or 13.60% of the total outstanding loans. And there are 4,253 outstanding loans that are more than 3 months old (NPL), or 123.70 million baht, or 9.72% of the total outstanding loans. Small loans for emergency expenses Since March 2017, the Government Savings Bank and the Bank for Agriculture and Agricultural Cooperatives (BAAC) have approved microloans for emergency expenses as an alternative for people to access financial sources in the system to replace informal debt. Not more than 50,000 baht, interest rate charged 0.85% per month as of the end of September 2019, a total of 622,063 loans were approved, amounting to 27,357.27 million baht.