CFG offers loans to market traders
BAY subsidiary gives alternative to sharks
- Published: 1 Feb 2013 at 00.00
- Newspaper section: Business
CFG Services, best known for its Srisawad Ngern Tid Lor (Money on Wheels) auto loan brand, is offering more opportunities for wet-market traders to access funding.
The Bank of Ayudhya subsidiary entered the microfinance sector about one year ago, slowly expanding its loan portfolio due mainly to strong scrutiny of the high-risk segment.
Tanyapong Thamavaranukupt, CFG's managing director, said the major risks in microfinance usually come from internal fraud and customers' behaviour.
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