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Advice Service Will Back People's Bank in Thailand.
Byline: Wichit Sirithaveeporn
Jan. 3--The Government Savings Bank will build on the success of the People's Bank microfinance programme by setting up a new office to offer investment advice and credit to medium-sized customers.
In the past six months since the People's Bank was launched, loans totalling 3.5 billion baht have been made, with about two million baht turning non-performing.
Charnchai Musignisarkorn, the GSB director-general, said the figures had helped rebut the previous conception that microfinance lending was inevitably risky.
Under the People's Bank programme, loans of up to 15,000 baht are made to members to finance ...
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