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Srisawad Corporation Public Company Limited
Srisawad lends money to everyday Thai people and small businesses, often using their cars or land as collateral, and collects the repayments.
Srisawad is one of Thailand's biggest consumer lenders. It gives out loans to people who often can't walk into a big bank and get approved — street vendors, farmers, small shop owners, and drivers who need cash but don't have a salary slip or a clean credit history. Much of its lending is secured: customers hand over their car registration book or a land title as collateral, so if they stop paying, the company can take the asset. It also runs unsecured personal loans, hire-purchase financing, and a debt-collection and asset-management arm that buys and works out bad loans.
The core of the business is simple arithmetic. Srisawad borrows money cheaply — from banks, by issuing bonds, and from depositors through its own microfinance arm — and lends it out at much higher interest rates, sometimes north of 20% a year. The gap between what it pays for money and what it charges is the profit. The reason it can charge so much is that its customers are risky and mostly shut out of cheaper credit; the reason it survives is that the collateral lets it recover most of the money even when borrowers default. It is, in short, a lender to the borrowers big banks don't want. The company grew out of a small family lending operation founded decades ago and spent years as a modest player before scaling up dramatically in the 2010s, expanding its branch network across Thailand and building a brand recognizable to ordinary Thais — the pink-and-white storefronts of its microfinance arm are a common sight in provincial towns. It listed on the Stock Exchange of Thailand and became one of the country's most valuable financial firms, though its shares have been volatile as investors fret about household debt levels and the health of the Thai consumer.
That is the central risk. Thailand has one of the highest household-debt burdens in Asia, and when consumers are stretched, a lender to risky borrowers feels it first — bad loans rise, recovery takes longer, and regulators pay attention. Srisawad's results swing with the economy and with how willing Thai households are to borrow and repay. The upside is that demand for its kind of credit rarely disappears; when banks tighten, more people turn to lenders like Srisawad.
Saved answer · last researched 12 Nov 2026