By speeding up approvals over the next six weeks, the Small Industry Finance Corporation (SIFC) expects to reach its lending target of 18 billion baht this year.
Supriya Sithikong, the executive vice-president of the SMEs Development Group, said that loans totalling 14 billion baht were made between January and October. SIFC expected loans totalling four million baht would be made this month and in December.
The target would probably be met because lending usually gained momentum in the last quarter of the year, she said. As well, SIFC had increased its lending staff and had given them more training.
Next year, SIFC planned to reduce the amount of credit per borrower to between seven million and eight million baht, from nine million currently, in order to provide more loans to small businesses, a key plank of the government's policy to stimulate the economy.
