Migrant workers can’t use banks. So when they have an urgent cash need, they usually go to a money lender who charges 10-20% in interest.
A person can borrow 2000 baht to take care of a sick grandson, but end up owing 10,000 baht in no time.
And money lenders can take absolutely anything of value if the borrower can’t pay.
Savings groups are one tool to create more financial stability in a community, but Seri Thongmak will tell you that a “good idea” can rarely be sold from the outside.
So what do you do?
You listen and you adjust.