As Debt Levels Rise, More Thais Struggle to Keep Up
BANGKOK (Reuters) – Pimpa Panlao, 31, is struggling to pay off an 80,000 baht ($2,440) bank loan and spends a third of her income from selling women’s accessories at a Bangkok market to repay the loan.
“Business is bad and it’s very tough when you have debt,” Pimpa told Reuters, who used part of the loan to finance her business. She is not alone.