File photo for reference only

 

A woman took to social media yesterday, detailing her anguish over an unpaid loan she extended to a friend nearly three years ago. The sum, a hefty 880,000 baht, was meant to save her friend's home from financial ruin. Yet as time lapsed, her friend opened a thriving produce market, leaving the woman to manage a high-interest loan on her own.

 

The tale began when the woman used proceeds from her land sale to lend to her friend, a gesture rooted in friendship and trust. Assurances of prompt repayment never materialised, leaving the lender under financial strain.

 

 

The situation escalated when the friend's mother promised repayment within a month, leading the woman to borrow from an informal lender at steep interest rates. This trust was misplaced, as the friend's mother disappeared, and the debt remained unpaid.

 

Meanwhile, the friend's family seemingly prospered in Sisaket province with their market business. This reality intensifies the lender's sense of betrayal and financial stress. She has now turned to the public, sharing her narrative to highlight the injustices she faces and the emotional wounds left by a friendship tarnished.

 

-- 2025-01-21

 

 

Well, let's see what she had to say. I'd love to have a link. Is it from Pantip? 

Whenever anyone asks for a loan, just say no, I don't have the money, sorry. There are banks for this purpose, not worth the hassle of making personal loans to anyone, especially friends or family.

I've since learned not to ever lend money to people.

11 hours ago, snoop1130 said:

The tale began when the woman used proceeds from her land sale to lend to her friend, a gesture rooted in friendship and trust. Assurances of prompt repayment never materialised, leaving the lender under financial strain.

Trust yourself, no-one else in Thailand.

Thai people typically do not understand what the word "borrow" means.  One reason why the debt to GNP is so high.  They don't understand that there's a big difference between borrow and give as in gift.  Rule of thumb for me is to NEVER loan money to a Thai person unless you never expect to have it returned..

Sadly, an all to common experience in Thailand.

 

 

Had a member of staff ask to borrow 50,000 many years ago. All I said was, sorry, I'm not a bank. 

Never lend to a Thai as they think you are so rich that you won't miss the money. 

Not a legal leg to stand on in any country not just Thailand it was a gift, I guess the only comfort will be she will have learned not to do it again.

Have seen so many good friends fall out over small 'loans' its never worth it, even if you can afford to, I have given close friends money before but I pretty much write it off as soon as it is handed over and ensure it is nothing that will impact me should I not get it back.

Don't ever trust anyone here. I've lost count of how many times I've been asked for money. 

Thailand is the hub of Liars,   maybe a TAT slogan in there somewhere 

only lend what you can afford to lose

Why doesn't she get a recovery crew to get money back. Money or the bag ..

6 hours ago, fdimike said:

Thai people typically do not understand what the word "borrow" means.  One reason why the debt to GNP is so high.

Thailand 54.73% debt to GDP ratio. UK 101.15%.

 

UK gilts anyone??

Thai culture of face saving and the concept of borrowing without repayment . Using the term borrowing is just a face saving term for grifting. You never see your money again. This happened to me from my kid’s teacher.