ASEAN KEY DESTINATIONS
Microfinance at Thai post offices
The postal service's 1,200 branches and thousands of staff spread across the nation could serve as a broad distribution channel for rural communities, he said.
If the Bank of Thailand approves, the Thailand post offices could join with state banks such as the Government Savings Bank and the Bank for Agriculture and Agricultural Co-operatives (BAAC) in promoting microfinance programmes.
For several years has offered the People's Bank programme as a funding source for urban residents by offering small loans to support entrepreneurial activities. The BAAC meanwhile is pushing community bank schemes where villagers play a direct role in approving loan requests by residents.
The Finance Ministry hopes that expanding financial services to the poor will help reduce dependence on underground lenders and loan sharks.
The GSB and the BAAC would collaborate to establish "local financial advisers" to offer assistance to villagers about basic household financial planning and accounting, he said.
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