Germany's DEG commits $37m loan to Thai microfinancier Muangthai

Germany's DEG commits $37m loan to Thai microfinancier Muangthai

Lights of traffic in Bangkok, Thailand. Photo by Aaron Thomas on Unsplash.

DEG, the investment arm of German state-owned development bank KfW, has committed to providing a €35-million ($37 million) financing to Thai microfinance provider Muangthai Capital, according to a disclosure.

Edited by: Joymitra Rai