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Hundreds of Thais queue up for emergency loans

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BANGKOK (The Nation/ANN): Hundreds of people queued up at the nearest branch of the Government Savings Bank (GSB) in Thailand's northern province of Mukdahan to seek an emergency loan offered as part of the government’s measure to help people who have been affected by the Covid-19 crisis.

The queue at the Pornphet Market branch in Mukdahan was so long that it spilled onto the street. These applicants had been called in for a face-to-face interview after their online applications were vetted by the bank.

The self-employed group are entitled to a maximum loan of Bt10,000 at an interest rate of 0.1 per cent, which can be paid over two years, with no payments required for the first six months. The loan is applicable to people who earn no more than Bt30,000 per month, such as merchants, vendors, bus drivers, taxi drivers or guides.

 

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