The rise of non-bank lenders as alternatives to heavily regulated banks is a theme we have been following here (see earlier posts here, here, and here). Now Bloomberg brings news of a firm in Thailand, Muangthai Leasing, whose founders have become billionaires by offering small loans collateralized by cars, land, or motorcycles: "Millions of Thais ...need working capital for small businesses, but lack the credit history required by commercial banks."
Non-Bank Lender
https://www.futureofcapitalism.com/2016/11/non-bank-lender
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