More than half of the teachers' cooperatives nationwide have reduced the interest on debts owed by teachers who are facing increasing financial difficulties, according to the Cooperative Promotion Department (CPD).
About 900,000 teachers collectively owe at least 1.4 trillion baht. Of this amount, 890 billion baht, or 64% of the loans, is owed to the teachers' cooperatives, followed by 349 trillion baht to the Government Savings Bank.
