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Villagers Unable to Withdraw Nearly 1m baht From Savings Group
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Villagers Unable to Withdraw Nearly 1m baht From Savings Group
Pictures courtesy of SiamRath Residents of a village bank group in Chumphon province have been unable to withdraw their savings, resulting in losses of almost one million baht. Around 50 members reported being denied withdrawals, with the group’s chairman claiming there was no money available due to unpaid loans. The village bank group was established in 2001 under a royal initiative to encourage local savings. Members deposit money regu…
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