Loans from unorganised market in higher demand
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More loans are being sought from the unorganised market, as 30 per cent of flood victims do not have access to funding, according to University of Thai Chamber of Commerce's Research Centre.
Thanavath Phonvichai, director of the centre, said that these victims' residences have been flooded for more than two months and they have little saving, if any.
He urged the government to launch a special loan window to the group of people, possibly through Village Fund and village banks.
The centre's survey found that 31.5 per cent of Thais plans to cut down spending in December and early next year on shaky economic outlook and high risks. Forty six per cent says the spending will be maintained at last year's level.
