Bt600m in pico loans approved by end-May: FPO
Pico-finance operators had approved loans totalling Bt602 million, with a combined 23,000 accounts, as of May 31, Pornchai Theeravet, Fiscal Policy Office (FPO) adviser on the financial sector, said on Monday.
The average value of the loans was Bt25,500 per account, while non-performing loans for the pico-finance sector stood at 3 per cent, he said.
Pico finance currently operates through 262 companies in 60 provinces, the adviser added.
