Billionaire Family Emerges as Firm Making $430 Loans Surges
Nattananporn Hamali heaved a sigh of relief after saving her fruit juice business in Bangkok with a 12,000 baht ($337) loan.
Using her motorbike as collateral, Nattananporn secured the credit at an interest rate of 25 percent from Thailand’s Muangthai Leasing Pcl to replace far costlier debt from loan sharks.
“A large portion of my earnings went to interest payments, so the cheaper credit will help ease that pressure,” the 26-year-old said.
Read full Article here »