— Rak Vorrakitpokatorn, President, Thai Credit Guarantee corporationLabelling himself both an undertaker and merchant of risks, Rak Vorrakitpokatorn has a mission to help comatose small and medium-sized enterprises (SMEs) survive profound hardships during this major economic crisis. But the new outbreak has shifted their attitude, as help from the TCG for loan guarantees is seen as a do-or-die situation. For instance, if an SME receives a loan worth 10 million baht, the TCG will insure 7 million. The lowest credit score issued by TCG is 65, in contrast with a minimum of 70 issued by banks. Normally loans provided to SMEs, filtered through banks' loan approval process, will turn into non-performing loans (NPLs) at around 5-6%.

Source: Bangkok Post January 22, 2021 23:55 UTC