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Pawnshops help for school fees

Pawnshops help for school fees

The Bangkok Metropolitan Administration (BMA) has allocated 1.3 billion THB to pawnshops citywide to help provide loans for parents in financial need for their child’s tuition during the opening of the new school semester.

According to BMA spokesperson Thanom Onketpon, parents with financial problems can seek 20 state-run pawnshops citywide for goods to be pledged.

He explained the interest policy of the pledge saying that goods not exceeding 5,000 THB in value, with be charged a .50 THB interest per month.

However goods worth more than 5,000 THB will be charged a special interest rate, said Mr Thanom.

The policy offered by the BMA ends on 31 May 2010.

Meanwhile, BMA governor ML Sukhumbhand Paribatra said that the budget allocated will be able to help 50,000-60,000 people in need of financial assistance. (NNT)

Photo: Alvin Hutchinson

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