The Debt Clinic is popular with loan defaulters but not enough applicants have been accepted to join the programme, says SAM. Some 28,000 people applied to join the scheme in the four months to September, according to Thitima Rungkwansiriroj, chief of Sukhumvit Asset Management's (SAM), which manages the Debt Clinic. As of September, SAM managed to contribute 4.4 billion baht to the FIDF, which uses the money to repay its debt. According to central bank data, the rescue fund's debt fell by 4.9% from the end of the 2015 fiscal year to 949 billion baht at the end-September last year. In 2015, the FIDF forecast all its debt would be cleared in under 15 years, earlier than the 24 years previously scheduled.

Source: Bangkok Post November 07, 2017 21:45 UTC