‘Pico Finance’ microloans to be offered in Phuket to dispel loan sharks

Premkamon Ketsara

 

The objective of the fair is to help people understand the sources of finance available to them, and to explain the dangers of and how to deal with loan sharks and investment scams, explained Ladda Phutthachart (left), chief of the Phuket Provincial Office of the Comptroller General. Photo: Premkamon Ketsara

 

PHUKET:-- The Ministry of Finance will hold its “Money Fair 2017 #1” at the Royal Phuket City Hotel on Sept 14 where people can register for microloans under the national government’s push to protect low-income earners from debt with loan sharks.

 

Phuket Governor Norraphat Plodthong announced the event at a press conference at Provincial Hall yesterday (Aug 24).

 

“The objective of the fair is to help people understand the sources of finance available to them, and to explain the dangers of and how to deal with loan sharks and investment scams,” explained Ladda Phutthachart, chief of the Phuket Provincial Office of the Comptroller General.

 

Full Story: https://www.thephuketnews.com/pico-finance-microloans-to-be-offered-in-phuket-to-dispel-loan-sharks-63605.php#f63fdJJ1OLHtdtly.97

 

-- © Copyright Phuket News 2017-8-25

Whomever wrote the headline doesn't understand the prefixes "pico" and "micro". Unintentionally amusing.

16 hours ago, snoop1130 said:

help people understand .... how to deal with loan sharks and investment scams

Shouldn't government authorities be the ones to deal with loan sharks and investment scams?

Or are they encouraging vigilante actions?