Microfinance in Thailand: The biggest microlender of them all

From Economic Issues
January 1, 2013 - 11:30am

There are an estimated 120,000 microfinance initiatives worldwide but Thailand’s “Village and Urban Revolving Fund” lends more money to more people than any other. The scheme’s outstanding loan portfolio totalled $4.9 billion in 2011; the number of active borrowers that year stood at 8.5m. Those numbers are swelling. Yingluck Shinawatra, the Thai prime minister (pictured above), announced plans earlier this year to inject $2.6 billion in additional capital into a network of nearly 80,000 village banks, which her brother, Thaksin Shinawatra, who was prime minister between 2001 and 2006, created with a stroke of a pen ten years ago.


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