เงินด่วน is a term used in Thailand to refer to a unique form of savings. It is a combination of both saving and borrowing, usually from family or close friends. The concept of เงินด่วน is particularly popular among low-income people in rural areas, who have few financial options, such as access to banks, and so depend on the trust and support of their community to survive.

The Need for เงินด่วน

Most of the rural population of Thailand lack access to formal banking services and credit facilities. This means that they are unable to save money in an organized manner and are also unable to borrow in times of need. This makes them highly dependent on informal sources like family or close friends for any kind of financial help. เงินด่วน acts as a source of income for such people in times of need and as a way to save money.

งินด่วน is a reliable and trusted form of savings. People can rely on this system since it is based on the mutual trust between family members and close friends. This makes it a very secure and safe way of saving. Moreover, due to its informal nature, anyone can access it without any paperwork or bureaucratic hurdles.

How is เงินด่วน Used?

Typically, when someone needs money, they can approach a friend or family member and ask them to help out financially. The benefactor will then “lend” the needed sum. At a later date, the borrower will give back the same amount plus the interest to the lender. This is similar to a loan but can be done in a more informal, relaxed manner.

เงินด่วน is also used by some people as a way to save money. For example, when someone receives extra money, such as from an inheritance or bonus, they may put part of it into เงินด่วน. They can then withdraw the same amount plus the interest when they need it. This helps them to save and access their funds whenever needed.

Benefits of เงินด่วน

Apart from being a reliable and safe way of savings, เงินด่วน has other benefits too. Firstly, it encourages people to save money, even if they are not able to access a bank. Secondly, it builds strong relationships within families and communities as it depends on mutual trust and support. Lastly, it lowers the dependence on formal banking institutions, which are often seen as disconnected from rural life.

Drawbacks of เงินด่วน

Although เงินด่วน has many advantages, it also comes with some risks. Since it relies on trust, there is always the risk of defaulting on payments. Additionally, since the rate of return is not regulated, lenders may charge exorbitant rates of interest, leaving borrowers in a worse position than before. Finally, it can lead to over-dependence on family and friends, making people less likely to look for alternate ways of saving and borrowing.

In spite of these drawbacks, เงินด่วน is still widely used, particularly in rural areas of Thailand, as it provides a convenient way for people to save money and access funds when needed. It has been part of Thai culture for centuries and continues to be an important source of income for many people today.