Sunday , April 18 2021

The "Treasury" summarizes the solution for informal debts. Nearly 5,000 creditors were arrested

The Finance Ministry concluded Pico Finance Giving more than 48,000 million Bahts to solve the problem of informal loans, helping at least 520,000 informal debtors and arresting nearly 5,000 informal creditors.

Mr Pornchai Thiravech, Financial Economic Advisor As spokesman for the Office of Fiscal Policy, said that issuing retail lending licenses (Finance) to direct local retail loans To reduce the problem of informal debt at this point There are people interested in apply for a license to work with such businesses. By the end of March 2019, more than 965 people covered 74 provinces across the country Open more than 440 people, covering 64 provinces across the country.

Most of them are found in Nakhon Rachasima, Khon Kaen and Bangkok. Once the Finance Ministry has revised the rules, the Entrepreneur borrows from the original amount of no more than 50,000 baht to 100,000 baht, including the extension of the scope for using the motor as a guarantee or a car registration loan. But you're charging interest total fees up to 36 percent per year, with over 1,800,000 baht of 71,000 accounts, an average of about 25,000 baht per loan and over 100 licenses in 50 provinces

All this does not involve emergency loans. Through the Government Savings Bank and the Agriculture and Farmers' Co-operation As an Alternative to People Access to funding sources in the informal debt system Who approved a loan of over 520,000 people in the amount of 23,000 million Baht and arrested informal creditors And debtors using illegal methods from August 2016 until now, with a total of more than 4,800 people

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