Photo courtesy of Bangkok Post

 

Easy Money, a prominent pawn shop operator in Thailand, anticipates recording its highest loan growth in two decades this year, driven by rising gold prices. The company’s outstanding loans reached 27 billion baht over the first ten months and are projected to hit 29-30 billion baht by year-end, marking a 30% increase from the previous year. Chairman Sittiwit Tangthanakiat attributes this growth to increased customer engagement with gold-pawn services fuelled by the sharp rise in gold value.

 

The expansion highlights a shift wherein young Thai entrepreneurs, including freelancers and online sellers, increasingly use pawn shop services for working capital. This demand is spurred by the challenges small entrepreneurs face in securing bank loans. Easy Money is evolving to support customer liquidity, aiding them in accessing broader business opportunities and gradually transitioning clients into formal banking systems as their credit profiles improve.

 

Sittiwit highlights the role of pawn shops as crucial financial channels, especially in light of economic conditions, changing gold prices, and customer behavior. The company’s 20-year experience backs its strategy of functioning as a bridging loan provider, essential for local entrepreneurs' transition.

 

Looking forward, Easy Money plans to list on the Stock Exchange of Thailand within three years, according to Chief Executive Suthee Panaworn. The funds raised will support long-term business expansion as the company currently operates 98 branches across 33 provinces and offers digital services. The Thai pawn shop sector is projected to flourish in the next 5-10 years amid rising household wealth, with Easy Money serving 700,000 customers nationwide.

 

Suthee emphasizes the high redemption rate of 95% for pawned items, supported by regulations capping pawn contracts at five years. The company charges an interest rate of 1.25% per month, maintaining its position as a pivotal financial service provider in Thailand, reported Bangkok Post.

 

Key Takeaways

• Easy Money expects a 30% year-on-year loan growth, with outstanding loans projected to reach 29-30 billion baht.
• Young entrepreneurs increasingly use pawn shops due to rising gold prices and difficulties in accessing bank credit.
• Easy Money aims for a stock exchange listing within three years to fuel further expansion.

 

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  Adapted by ASEAN Now from Bangkok Post 2025-11-21

 

 

 

11 hours ago, snoop1130 said:

Easy Money....

 Great name!

 

14 hours ago, snoop1130 said:

Young entrepreneurs increasingly use pawn shops due to rising gold prices and difficulties in accessing bank credit.

 

Tis is very good.

This just shows you how Stupid the Thai government is. They could offer the same and make a hell of a lot to fix the infrastructure, roads, the elderly incomes,,etc, etc 

7 hours ago, watchcat said:

 

Tis is very good.

Gold always returns