Our house helper’s old motorbike was breaking down and the costs of repairs was becoming prohibitive. She mentioned that she was thinking about buying a new bike in passing. By God’s grace one of the short-termers who had come to Lampang had recently been in contact asking whether they could send a financial gift over to our house helper and her husband who pastors a church in a neighbouring town which is relatively poor. So with this gift she was able to put a deposit down for just under half the cost of the bike. The rest she entered into a finance agreement to pay off the bike over the next 24 months. She showed me schedule of monthly payments. It was more than a third of her monthly salary. Although she has put a deposit for almost half the cost of the bike, her repayments over the next 24 months means that she will pay the finance company more than the total cost of the bike. The interest rate she is being charged is almost 50%! Wow. One of the things we want to do is setup is a workshop dealing with debt and money issues (which can be huge issues for families in Thailand). We hope it will be helpful considering my financial planning background.
Before They Reached Bangkok: Gutzlaff, Tomlin, and Psalm 106
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อ่านบทความนี้เป็นภาษาไทย
On August 23, 1828, the first two Protestant missionaries arrived in
Thailand, Karl Gutzlaff and Jacob Tomlin. Gutzlaff was Germ...
4 days ago























