Media captionTwo separate schemes in Thailand and Jordan are helping empower communities who have no collateral

What do you do if you need to borrow money but the bank turns you down?

Well, if you have the potential for good karma, you may consider signing up to Buddhist monk Phra Subin Paneetos micro-lending scheme, which is spreading across Asia, as Hoang Nguyen finds out.

Meanwhile, Carolina Valladares and Mohamad Chreyteh head to Jordan to find out how aspiring businesswomen are bypassing the banks.

No collateral? No problem....

Sajja Sasom Sab, Thailand

Two of the four people charged with stealing more than $175,000 from an Agway store in Cressona are accused of using the stolen money to buy a winning $1 million lottery ticket, according to an Associated Press report.

State police said Joan Lechleitner and her fiancÃ, Kerry Titus, bought the winning Cash 5 ticket worth more than $1,047,618 with money they stole from May 2011 to March 2016. A criminal complaint obtained by the Associated Press revealed that the couple — along with two other former employees, Samantha Schaeffer and Tyler Schappell — rang up fake returns during that period and pocketed the money.

Some of the stolen money was used to buy lottery tickets duringthe time frame, including the $1 millionwinner on Sept. 11. Lechleitner split the winnings with four others, netting $264,904.50, according to state lottery officials.

Lechleitnertold the Republican Herald in Pottsvillethat Titus bought the ticket, noting that the couple used the money to buy a 2015 Chevrolet Silverado. She said the pair also planned to honeymoon in Mexico and add a backyard pool.

The stores owner, Ronald Yordy, reportedly installed hidden cameras, which caught the group stealing the money and buying lottery tickets, police said. Yordy told police he had to borrow money to keep the store open because of the thefts.

A forensic audit and statements from the defendants helped police determine the amount stolen, according to the report.

All four suspects face eight charges for the thefts, including six felony counts. Preliminary hearings have been set for July 5.

They also pointed out that forecasts from the Treasury and US investment banks - which have helped bankroll the Remain campaign - 'have been wrong again'.

Countries borrow money by issuing gilts or government bonds. The cost of government borrowing tends to fall when investors see the country issuing the gilts as a safe bet.

Rates tend to rise when investors are worried and demand a greater return to compensate them for taking on more risk.

The Treasury has predicted the cost of borrowing will rise sharply if Britain decides to quit the EU.

In its report - dubbed the 'dodgy dossier' by Eurosceptics when it was released last month - it warned that interest rates on ten-year gilts could rise by as much as one percentage point.

This would push up the cost of servicing the UK's debts, blowing a hole in the public finances and making it harder to plug the £76billion deficit. 

Others to have warned of higher borrowing costs include Wall Street giant JP Morgan, which has donated £500,000 to the Remain campaign, and the world's biggest hedge fund manager - another US firm - BlackRock. 

AYDEN Town commissioners and staff continue to work out a differences on a 2016-17 spending plan that center on the use of a $1.5 million loan to balance revenues and expenditures.

The Ayden Board of Commissioners met May 18 with interim Town Manager Leonard Barefoot, Finance Director Alicia Simpson and several other department heads to discuss the $23.3 million proposal.

The plan also included a 7.5 percent sewer rate hike to cover increased costs from the Contentnea Metropolitan Sewerage District, which is changing to a new billing formula.The board is set to meet again at noon Monday to further discuss the budget.

A 2 percent, five-year $1.5 million loan was a sticking point for board members, whoquestioned the idea of borrowing money to balance the budget and requested a breakdown of how much of the loan would be used for capital expenditures versus operational expenses.

The May 18 meeting marked the second time the board has discussed the budget. At the first meeting on May 9, a $21.4 million plan was unbalanced by approximately $2 million.

Although higher than the first proposed budget, the most recent proposal was balanced through cuts to proposed spending and the inclusion of the $1.5 million loan, according to Barefoot.

The board gave authorization to borrow $1.5 million in 2015 to cover the costs of the electric substation rehabilitation project. However, the town never took out that loan and paid for the project out of the electric fund balance instead, according to Barefoot.

While much of the proposed loan would be used within the electric department, approximately $500,000 would be transferred to the general fund as well.

The loan is a good way to pay for needed capital expenditures, according to Barefoot.

Youre taking assets that have a 20-plus year life and borrowing some money, which you said you wanted to do, Barefoot said. What weve done is what you all wanted to do, but were doing it this year rather than last year.

Major proposed capital expenditures include a computer system and software upgrades at $240,000, new equipment and vehicles for the electric department at $622,126, new vehicles and equipment for the water and sewer department at $188,928 and a variety of new equipment and vehicles for other departments at a total of $323,000.

The proposed expenditures were chosen in consultation with department heads, who said that the requested equipment and vehicles are necessities, according to Barefoot.

Board members agreed that the equipment may be helpful, but questioned the decision to borrow money to pay for it.

My intent was when we did the substation hellip; to take $800,000 from the fund balance and to borrow $1.5 million, Mayor Steve Tripp said. If the board felt we had sufficient funds to maintain (the fund balance), then we wouldnt have borrowed the money. The intent was to not get the fund balance so low that we would have to borrow money, and that did not occur.

Commissioner Mary Alice Davenport added, I cannot believe that we do not have any money and now were going to buy all of this stuff with no money to pay for it.

Barefoot maintained that borrowing the money would be a good way to pay for items the town needs.

I see it a little bit differently. The $1.5 million cash, you can say its not going into the fund balance, but its either appropriated for spending or its part of the revenue, Barefoot said. All it points to is that were spending a lot of money in the upcoming budget.

Commissioner Mike Harris questioned how much of the loan would go toward capital expenditures.

I think its easier to swallow if its capital, Harris said. Its just not good practice if its for operational spending, thats when you have to tighten the belt.

Barefoot agreed to provide a breakdown of the capital expenditures before the next budget meeting.

Tripp maintained that cuts will need to be made to the budget.

Were going to have to make some cuts, Tripp said. Its unfortunate hellip; we cant continue going into the fund balance. And, it will get better. We will get growth. If we can hang on three or four years, we will get growth and get a bigger tax base.

The Times-Leader serves southern Pitt County including Ayden, Grifton and Winterville.