SONGKHLA, April 10 (TNA) – Growing number of Thai people
turn to banks and pawn shops to seek loans amid liquidity problem stemming from
the Covid-19 pandemic.
The Thai government has introduced an array of measures to
assist households and businesses affected by the outbreak.
A large group of customers flocked state-run bank offices to
register for soft loans. Some arrived at
a bank in Songkhla before dawn, hoping to secure their loans.
Others have chosen state-run pawn shops to secure much-need
cash. They are offered a low 0.125
percent interest until the end of June.
The government’s financial assistance and support range from
debt moratoria, personal credit to low interest loan.
Since last month, the Government Savings Bank, Export-Import
Bank of Thailand, and Small and Medium Enterprise Development Bank of Thailand
are providing preemptive financial support to debtors, particularly low-income
people and SMEs, who face adverse impact from the Covid-19 outbreak.
(TNA)
