Debt free, Happy life
Charoen Pokphand Foods Public Company Limited

The household debt problem is a national problem. That the top management deems it is important to the quality of life of workers, in the business line. Therefore, randomly surveyed 769 workers from 24 farms found that there were 576 debts with total liabilities of 66 million baht. And in this number, It is a total of 173 cases of informal debt of 8 million baht, which is worrying about the debt collection of the informal debt system. Scare the workers some people do not dare to come to work. Resulting in regular absences or come to work but have to hide and hide, causing unhappiness in work and affecting the efficiency of the work performed as well.

To assist personnel who are experiencing financial difficulties in repaying loans with interest rates higher than 20% per year from loan sharks or elsewhere. They will be helped to access new loans with rates lower than 10% from reliable and established financial institutions.

Estimation shows that 552 swine business employees have taken loans with an interest rate less than 10% per year, the total sum of loans is 88 million baht. This means that the 2631 employees have saved significantly. This project is now expanded to another 50 businesses in CP group and 1974 employees have taken loans, totaling 665 million baht.