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Jun. 1--PROGRAMME OFFERS REFINANCING FOR POOR WITH GUARANTEES: A refinancing programme for poor underground borrowers will be based on a personal guarantee structure similar to that used for the village funds and People's Bank programmes.
Ninety billion baht in loans to 2.68 million people have been borrowed against the village fund and People's Bank, with non-performing loans of just 2 percent to 3 percent of total credits.
The relatively low default rate, using a personal guarantee structure, has led authorities to consider using a similar framework for a new programme aimed at refinancing underground debt through state banks.
Some 1.76 million people have registered ...