Singer tweaks farmer loan qualifications | Bangkok Post: business

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Singer tweaks farmer loan qualifications

Late rice payments cited for higher NPLs

  • Published: | Viewed: 1,244 | Comments: 0
  • Newspaper section: Business
  • Writer: Pitsine Jitpleecheep & Somruedi Banchongduang
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Singer Thailand’s non-performing leasing loans to rice farmers have continued to increase, forcing the company to adjust loan qualifications and business models in order to reduce operation risks. 

Managing director Boonyong Tansakul poses with just some of Singer Thailand’s commercial products. The company will focus more on entrepreneurs and mom-andpop shops rather than household end-users due to rising NPL levels stemming from late government rice scheme payouts.

It will shift focus to provide commercial products for entrepreneurs and mom-and-pop shops rather than household end-users.

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