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Wednesday, May 8, 2024

Khon Kaen Municipality sets aside B200m for its pawn shops

This stone pestle and mortar was among items pledged at a pawnshop run by the Khon Kaen Municipality in Khon Kaen province.(Photo: Chakrapan Natari)

KHON KAEN: Khon Kaen Municipality has set aside about 200 million baht in reserves for its two pawnshops, for loans to people bringing in goods ranging from gold jewellery to a pestle and mortar to raise needed cash amid rising costs during the Covid-19 pandemic.

Municipal mayor Theerasak Theetkhayuphan said on Thursday that low-income earners made use of the services at the two pawnshops every day.

However, the number was down on last month, probably due to fluctuations in the price of gold, he said. People were opting sell gold, rather than pledging it against a loan.

Mr Theerasak was speaking during an inspection of the pawnshop at Khum Nongkhu…

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