Poverty, Income Inequality, and Microfinance in Thailand | Asian Development Bank

Poverty, Income Inequality, and Microfinance in Thailand

Publication | November 2011
Poverty, Income Inequality, and Microfinance in Thailand

This paper provides a summary assessment of recent developments in poverty and income inequality in Thailand and discusses the role microfinance can play in addressing inequalities. Income inequality in Thailand is among the highest in Southeast Asia and particularly high in northeast Thailand. A contributing factor is the limited access to financial services and limited financial literacy of poor households. Thailand's microfinance sector is undeveloped compared to its regional peers; this has impeded poor families' access to financial services. This paper suggests ways to strengthen the microfinance sector aimed at improving income disparities.

Contents 

  • Introduction
  • Poverty and Income Inequality in Thailand
  • Inclusive Finance
  • Regulatory Framework for Microfinance Sector
  • Government Programs
  • Regional Experience in Microfinance Sector Development
  • Simulating Innovations in the Microfinance Sector: Mobile Phone Banking
  • Key Findings and Recommendations
  • References