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Thai business owner's debt rises from 8 million to 12.1 million baht in three years

Reuters reports Kavita Wongyakasem owes 10 million baht to seven financial institutions and another 2.1 million baht to informal lenders.

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1 Source, 22m ago, first seen 22m ago

TLDR

Reuters reports that Thai business owner Kavita Wongyakasem fears she may die before paying off her debt. She owes 12.1 million baht in total, up from 8 million baht three years ago. Reuters describes Thailand's household debt trap as a test of the country's growth ambitions.

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1 Source, first seen 22m ago

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Combined views

13.3K

1 Source, first seen 22m ago

3 likes3 comments

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1 Source

Reuters@ReutersThai business owner Kavita Wongyakasem fears she may die before she has paid back all her debt. She owes 10 million baht to seven financial institutions and a further 2.1 million baht to informal lenders, up from a total 8 million baht three years ago https://reut.rs/4BaePGa22m
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    1 Source

    Reuters@ReutersThai business owner Kavita Wongyakasem fears she may die before she has paid back all her debt. She owes 10 million baht to seven financial institutions and a further 2.1 million baht to informal lenders, up from a total 8 million baht three years ago https://reut.rs/4BaePGa22m
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