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[Yimmy]

Does anyone know how, or even if a Thai earning about 6 or 7K, paid cash in hand in a hair salon, can get a loan for about 50K to buy a piece of farming machinary?

How can something like that be done, if they were paid through a bank, and had a deposit of around 10K, and to pay back over a two year period?

Does anyone have any experiences?

Thanks.

[cynthialee]

dont do it!

sounds like an enterprising young lady youve taken a liking too!

just give it too her. no proof of income, how bank think she gonna pay them back.

[bendix]

Rather to my discomfort, I agree with cynthialee. Without proof of income, it would be next to impossible.

[AFKAFSinLOS]

Very unlikely. That's about 8 times monthly income, plus also for a low income earner... Even if it went thru bank statements so there was actually some proof of earnings, the amount available after deducting living expenses to finance the debt would be way too low... Also farming machinery is not even related to her job. Probably it's for relatives/friend/boyfriend so the bank would be interested in why they are unable to finance it themselves.

As a long shot she/ whoever really needs the money might try the Government Savings Bank, which looks not just at comercial loans, but also helping the community. Thai Farmers Bank/Kasikorn has a large share of business in the agriculture sector, but would be an even longer shot since they would normally look at commercial deals only, i.e not like Omsin, which might possibly put community benefit above financial return.