SCG Joins Hands with Fintech Startups, Launching “Buddy Credit” for Contractors and Technicians Through SCG Dealers

SCG led by Mr. Wiroat Rattanachaisit (center), Head of Distribution and Retail Business, and Mr. Jirawat Limkaewprasert (1st from left), Credit and Finance Director of Cement-Building Materials, SCG, partnered with financial startupsCredit OK & Self Made Finance, represented by Mr. Yingyong Tanthanapongphan, Chief Executive Officer of Credit OK & Self Made Finance (4th from left), and Mr. Phuwarat Norchoovech, Chief Product and Data Officer of Credit OK (2nd from left), and Grab Financial Group led by Mr. Chanayan Temsathit (1st from right), Associate, Business Development of Grab Financial Group Thailand, launching a full-fledged trade credit service called “Buddy Credit” for contractors and technicians, available at SCG dealers nationwide. The service aims at empowering micro-entrepreneurs and enterprises to improve business performance, drive growth amid fierce competition, and expand the opportunity to increase sales as well as speeding up construction projects via credit service available at SCG dealers.

Buddy Credit is the service provided at SCG dealers offering trade credit for small and medium-sized entrepreneurs and enterprises with no interest at a maximum of 45 days. Contractors and technicians can simply apply for a loan at any SCG dealers nationwide and learn the loan application approval within 3 days without a credit bureau query. If the payment is received prior to the due date, borrowers can enjoy a 0.1-0.2% cashback in the next billing cycle. Interest will be charged on the overdue unpaid balance at a rate of 1.25% per month. Buddy Credit service has been made available since the third quarter of 2019.

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