Loan sharks and rural debt in Thailand

Rural debt in Thailand – Turning the tide – The Economist, September 19, 2013
…After spending a fair bit of time and effort to stabilise rural incomes in the face of plummeting agricultural prices, the government of Yingluck Shinawatra, Thailand’s prime minister, has now turned its attention to dealing with predatory lending practices. It is part of a wider effort, set in motion by her predecessor, to reform state-dominated rural credit markets.
Thailand has made great strides in improving access to financial services: 73% of the population now have a bank account and only 3% have no access to formal finance whatsoever. But lending by loan sharks has proved hard to stamp out…

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