Microfinance lenders may be allowed to charge interest at more than 28% a year, as such rates are still far below what loan sharks collect, says a senior central bank official.
Walls along many roads in the capital are full of leaflets competing to offer low-interest loans. Official data show household debt has been rising strongly, accounting for 77.5% ofGDP in the first quarter, the highest since 2008. THANARAK KHOONTON
The Bank of Thailand and the Finance Ministry are drafting regulations on licensing financial and non-financial institutions to extend microfinance loans.
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