Report on progress in solving the problem of informal debt f
Dec 26, 2023 20:25:42 GMT -8
Post by account_disabled on Dec 26, 2023 20:25:42 GMT -8
Mr. Pornchai Teerawet, economic and financial advisor As a spokesperson for the Fiscal Policy Office, he revealed that the situation of provincial-level microfinance businesses under supervision (Pico Finance) in May 2020 remains largely unchanged from April 2020, although the situation of the spread of the coronavirus disease 2019 (COVID - 19) has reduced in severity to some extent. Anyway In May 2020, there were a cumulative net number of people interested in applying for permission to operate a pico finance business of 1,199 persons, an increase of 5 persons from April 2020, consisting of those applying for permission to operate a net pico finance business. (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 collecting interest Profits from lending, fines, service fees, and any other fees combined not exceeding 36 percent per year (Effective rate)), totaling 1,042 applicants and net applicants for permission to operate a Pico Plus loan business. (Having a paid-up registered capital of not less than 10 million baht,
Providing loans to the public not exceeding 100,000 baht per person and Job Function Email Database collecting interest Profits from lending, fines, service fees, and any other fees The total amount cannot exceed 36 percent per year (Effective rate) for the credit limit not exceeding the first 50,000 baht and for the credit limit exceeding 50,000 baht onwards, the charge may not exceed 28 percent per year (Effective rate)) amount 157 and the details can be summarized as follows: Pico Finance Loan From December 2016 until the end of May 2020, there were a total of 1,335 legal entities applying for permission to operate a loan business, both Pico Finance and Pico Plus, in 76 provinces (Provinces that have not yet applied for permission to operate a loan business include: Ang Thong Province). The top 3 provinces with the most applicants for permission were Nakhon Ratchasima (112 cases), Bangkok (109 cases) and Khon Kaen (66 cases), respectively. However, during the said period, there were a number of legal entities that returned their permit applications. There are a total of 136 companies operating pico finance businesses in 53 provinces. Therefore, the remaining number of legal entities that have applied for permission to operate both types of pico finance loans is 1,199 in 75 provinces, and there is a total number of persons who have received licenses to operate the loan business.
Both types of Pico Finance, net 891 cases in 73 provinces (21 cases requested to return licenses to operate Pico Finance business and 46 cases requested to change licenses to operate Pico Finance business to Pico Plus type) In this regard, there are a total of 749 business operators who have received licenses to operate both types of pico finance loans that have been reported to be open for business in 71 provinces, and the details are as follows: (1) Pico finance loans There were a total of 1,042 net applicants in 75 provinces (an increase of 5 applicants from April 2020). The top 3 provinces with the most applicants were Bangkok (96 applicants), Nakhon Ratchasima (94 applicants) and Khon Kaen ( 62) respectively, there are a total of 815 net people licensed to operate a pico finance business in 73 provinces, and there are 699 people who have opened operations in 71 provinces (in May 2020, there were 62 people who opened Providing Pico Finance loans that have been changed to Pico Plus loan services for 2 companies) (2) Pico Plus loans There were a total of 157 net applicants in 54 provinces, consisting of legal entities that were originally licensed to operate a pico finance business and were already open for business, applying to change their license application to operate a pico finance business.
Providing loans to the public not exceeding 100,000 baht per person and Job Function Email Database collecting interest Profits from lending, fines, service fees, and any other fees The total amount cannot exceed 36 percent per year (Effective rate) for the credit limit not exceeding the first 50,000 baht and for the credit limit exceeding 50,000 baht onwards, the charge may not exceed 28 percent per year (Effective rate)) amount 157 and the details can be summarized as follows: Pico Finance Loan From December 2016 until the end of May 2020, there were a total of 1,335 legal entities applying for permission to operate a loan business, both Pico Finance and Pico Plus, in 76 provinces (Provinces that have not yet applied for permission to operate a loan business include: Ang Thong Province). The top 3 provinces with the most applicants for permission were Nakhon Ratchasima (112 cases), Bangkok (109 cases) and Khon Kaen (66 cases), respectively. However, during the said period, there were a number of legal entities that returned their permit applications. There are a total of 136 companies operating pico finance businesses in 53 provinces. Therefore, the remaining number of legal entities that have applied for permission to operate both types of pico finance loans is 1,199 in 75 provinces, and there is a total number of persons who have received licenses to operate the loan business.
Both types of Pico Finance, net 891 cases in 73 provinces (21 cases requested to return licenses to operate Pico Finance business and 46 cases requested to change licenses to operate Pico Finance business to Pico Plus type) In this regard, there are a total of 749 business operators who have received licenses to operate both types of pico finance loans that have been reported to be open for business in 71 provinces, and the details are as follows: (1) Pico finance loans There were a total of 1,042 net applicants in 75 provinces (an increase of 5 applicants from April 2020). The top 3 provinces with the most applicants were Bangkok (96 applicants), Nakhon Ratchasima (94 applicants) and Khon Kaen ( 62) respectively, there are a total of 815 net people licensed to operate a pico finance business in 73 provinces, and there are 699 people who have opened operations in 71 provinces (in May 2020, there were 62 people who opened Providing Pico Finance loans that have been changed to Pico Plus loan services for 2 companies) (2) Pico Plus loans There were a total of 157 net applicants in 54 provinces, consisting of legal entities that were originally licensed to operate a pico finance business and were already open for business, applying to change their license application to operate a pico finance business.