Labelling himself both an undertaker and merchant of risks, Rak Vorrakitpokatorn has a mission to help comatose small and medium-sized enterprises (SMEs) survive profound hardships during this major economic crisis.
Given the relentless pandemic, the momentum of this year’s loan guarantees could surpass 200 billion baht from last year’s total of almost 150 billion, said Mr Rak, president of state-owned Thai Credit Guarantee Corporation (TCG).
The mentality of SME owners when the first wave of Covid-19 emerged was uncertain as to whether to have TCG as a loan guarantor.
But the new outbreak has shifted their attitude, as help from the TCG for loan guarantees is seen as a do-or-die situation. This is in part because SMEs can receive up to 70% of the total…
