Ying Noi pushes the People’s Credit Fund Indicated as urgent money to clear debt – set up capital

A woman announces “Resolve debt, replenish capital” for the poor with “People’s Credit Fund”, not giving cards to the poor, asking to give out “people’s credit cards” as “people’s urgent money” to clear debt outside the system. It is an established capital and financial guarantee for life. Confident that it will help revitalize the community’s economy to circulate. Not in vain like giving money like a democrat, populist

19 February 2023 – Khunying Sudarat Keyuraphan, leader of the Thai Sang Thai Party along with Mr. Worawut Srinon, Mr. Anusak Ruangchu, as candidate MP for Nonthaburi Province Thai Sang Thai Party Going to Nonthaburi Province, Wat Phut Market and Tha Sai Market Along with visiting the community way of life, tourist attractions, Wat Ta Khian floating market and meeting the elderly, Pibulsongkram Senior Citizens Club, which is located along the Chao Phraya River.

Khunying Sudarat said that from talking to the people’s brothers and sisters The merchants found that the economic situation continued to be difficult, especially the purchasing power of the people that was shrinking. Since the COVID situation which lasted continuously for more than 3 years, the seller had to temporarily stop the business or close the business Due to the working capital used in the occupation is not enough.

This is in line with Thailand’s current debt situation which is very worrying. Because Thailand has a debt of 10 million baht, considered the public debt of the country. the highest in history Especially household debt that has risen more than 30% in the past 10 years, beyond the watchful level of 80% per GDP to reach 86.8% per GDP in the third quarter of 2022, which is a dangerous signal for the country.

These situations make low-income people or small people, who are the majority of the country’s informal debt, have to bear a huge interest rate of 20 percent per month or about 240 times per year. Some people are charged interest. on a daily basis Therefore, a person who owes money in this manner has no chance to repay all his debt and cannot set himself up to remain poor. Unlike big businessmen who can only access low-interest loans at 2-3 percent per year, this is the disparity that occurs.

The Thai Sang Thai Party therefore has a policy of the People’s Credit Fund or the Little People Fund. It is giving credit to people to clear informal debt. Help Thai people get out of financial obstacles. who cannot access credit in the system to have a better life Moreover This money can be revolved in the economy several times. It’s not wasted like giving away money. Democracy or populism

For conditions and interest rates of the Little People Fund There will be an interest rate of not more than 1 percent per month. The important thing is that there is no collateral. You can start borrowing no more than 5,000 baht and if you maintain good credit, you can borrow up to 50,000 baht.
by this amount May borrow to use in times of crisis Borrowing to use for setting up Or take it as working capital for their small business.

“The Thai Sang Thai Party will not give cards to the poor, but will give credit cards to the people so that the public can reassure that when in trouble when money able to borrow money from the People’s Credit Fund or funds for small people immediately And can borrow for life if the debt is not owed, ”said Khunying Sudarat.

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