Thai Savings Bank Launches 50,000-Baht Microentrepreneur Loan via MyMo
Krung Thai Bank launches a microentrepreneur loan program offering up to 50,000 baht at 0.75% monthly interest with no collateral, available through the MyMo app for small-business owners and self-employed workers.
Krung Thai Bank (Outs Savings Bank) Director Songpol Chiwapanyarojanai announced the launch of a new lending program to support small-business operators and self-employed workers facing economic hardship. Rising energy costs and living expenses have hit small entrepreneurs particularly hard, limiting their access to capital for business development. The bank's "Microentrepreneur Career-Building Loan" program offers unsecured loans of up to 50,000 baht per borrower at a flat interest rate not exceeding 0.75 percent monthly, with no collateral requirement and repayment terms of up to five years. The streamlined application process is available immediately through the MyMo app. The program is open to Thai nationals aged 20 to 65, including small-business owners, freelancers, wage earners, traders, and service providers seeking additional income. Those interested can visit www.gsb.or.th or call the GSB Contact Center at 1115 for more details.
