Loan sharks prey onworkers


The Nation reports that the practice of loan sharking has become a big problem amongst low wage salaried workers who are paying between 8-10% per month. In some cases, they have been known to be charged up to 200% per month for the loans. This super lame practice would be like borrowing ten bucks from your boy to buy a 40oz and then have him come back and say you owe him 20 bucks! That doesn’t fly in most hoods and shouldn’t fly in Thailand. The government is trying to be cool and set up loans to help these people get out from under Sharky’s thumb and we support that.


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