Natsuda: Thailand’s credit market is facing tightening constraints.
A Thai unit of Investree, the Asean-based financial technology company, reported 200% growth in business in the first quarter this year as small and medium-sized enterprises (SMEs) relied more on crowdfunding platforms because banks tightened their SME lending criteria.
Natsuda Bhukkanasut, co-founder and chief executive of Investree Thailand, said Thailand’s credit market faces strict constraints.
Despite growing demand for business loans as a result of the gradual economic and tourism recoveries, SMEs seeking loans for working capital or to ramp up production are still finding it hard to borrow from financial institutions because of stringent lending criteria…
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