The Thai Credit Guarantee Corporation (TCG) is preparing to provide credit guarantees for nanofinance loans to help small entrepreneurs gain greater access to formal financing.
According to TCG president Sittikorn Direksoonthorn, the company plans to expand its credit guarantee services to cover nanofinance in the second half of this year. Nanofinance loans are designed for small entrepreneurs who typically require modest amounts of financing, roughly 20,000 baht per borrower.
