Mitihoon – Siam Commercial Bank (SCB) continues to strengthen Thailand’s financial infrastructure by providing over THB 3 billion in loans to “Easy Money,” the country’s leading private pawnshop operator. Pawnshops play a crucial role in enabling individuals and small entrepreneurs to access funding. This aims to enhance the ability to convert assets into capital, reduce dependency on informal lending, and create opportunities for inclusive financial services. It also helps people manage their assets for maximum liquidity, unlocking potential for small-scale entrepreneurs to grow their businesses and investment. The goal is to build a transparent, accessible financial system that improves the quality of life for grassroots economies in the long term.
Mr. Kris Chantanotoke, Chief Executive Officer of Siam Commercial Bank, stated:
“Thailand’s economy remains fragile due to sluggish consumption, high household debt, and the incomplete recovery of small businesses. The main challenge is access to safe funding sources, forcing many people to rely on informal loans, which pose risks to both quality of life and the overall economy. SCB recognizes this issue and seeks to help individuals and small businesses access alternative financial institutions instead of informal lenders. Therefore, we have provided THB 3 billion in financial support to Easy Money Group, a major private pawnshop operator, to expand its business and enhance liquidity for small entrepreneurs and the general public. Easy Money has strong growth potential and serves as a vital mechanism for small businesses needing short-term liquidity by converting assets into capital transparently and professionally. This also helps reduce informal lending and strengthens financial inclusion through asset-backed financing, fostering sustainable growth for grassroots economies.”
Mr. Sittiwit Tangthanakiat, Chairman of the Executive Board, Tangthanasin Co., Ltd. (Easy Money), added: “Easy Money is a leader in transforming pawnshop businesses into modern, reliable alternative financial institutions through asset-backed financing. With 98 branches, our primary customers are individuals and small entrepreneurs seeking to convert assets into capital. SCB’s financial support reflects confidence in Easy Money as a funding source that helps those people stabilize and expand business and investment opportunities. Additionally, Easy Money is committed to leveraging technology to improve customer service efficiency, including asset valuation systems aligned with market prices for transparency and fairness, as well as secure asset storage under the principle that pledged assets are preserved and returned in their original state”
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