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BAAC loans for Scandinavian berry-picking endeavours



The Bank for Agriculture and Agricultural Cooperatives (BAAC) is extending loans to farmers seeking berry-picking contracts in Sweden and Finland.

Executive vice president Ennoo Suesuwan yesterday said the Employment Department would screen applicants' eligibility for credit.

Farmers can borrow Bt75,000 for travel to Sweden and Bt65,000 for travel to Finland.

He said the lending programme would reduce the level of borrowing in the unorganised market and ensure legal employment contracts via the assistance of five job-placement agencies.

The programme targets Bt300 million in loans to 4,500 farmers. So far, 99 farmers have received loans worth Bt6.4 million.

Sweden and Finland require 7,000 berry-pickers, and the BAAC expects to support about 4,000 workers.

Following the 80 days of contract work, each picker should return home with about Bt170,000.

The Nation



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