Bank of Thailand stepped on the accelerator ‘Horse carriage to fill the capital’ carpeted community tourism markets throughout Thailand Supporting small entrepreneurs to access low-interest loans without collateral

SME Development Bank continues to send a mobile service unit for horse-drawn carriages to fill the capital. Field trips to support small entrepreneurs in the community tourism market throughout Thailand Encourage access to low-interest loans No collateral required For example, the success pushed traders “Luang Pu Thuat Market” to the source of capital.

Mr. Mongkol Leelatham, Small and Medium Enterprise Development Bank of Thailand (SME Development Bank or SME), said that from the bank together with the University of the Thai Chamber of Commerce survey the number of SMEs found that there are still small entrepreneurs. Also known as “little people” are not registered. Exploring outside the system More than 2.7 million people are scattered across the country who do not have access to government aid measures and financial institutions’ funding sources in the system. The bank therefore uses the process “The Horse Carriage Refueling Unit Promotes Thai SMEs Quickly to the Land” Mobile services run towards these entrepreneurs to their local communities. To see empirical data, have real identity and confirm the actual business operations To bring access to special interest loans without the need for collateral Since the beginning of last year, more than 600 horse-drawn carriages have been in service nationwide.

One of the important areas that gave the policy to the chariot unit. Enter the area of ​​providing credit services to small people, namely the community tourism market and the retro market. which is a source that has a large number of target group entrepreneurs and is gaining popularity with Thai and foreign tourists, as well as having a deep connection with the local economy because most of the traders are local people which the process brings to the source of funds Initially, the chariot unit will visit various community tourism markets with potential to introduce special interest loans such as star economic loans for individual Or juristic person, interest 3% per annum and the loan owner 4.0 of the Ministry of Industry. for legal entities Interest is only 1% per year, ready to provide loan applications through the SME D Bank platform immediately, able to know whether the qualifications meet the conditions to be considered for loans or not within 7 days, which in the past Many concrete results were achieved, for example, “Luang Pu Thuad Market”, Phra Nakhon Si Ayutthaya Province. Able to provide credit to small traders By looking at the empirical data on the actual business operations. No collateral is required, such as Khao Lam Sam Mae Luk Shop. Kala Skull Noodle Shop and Tanyong shop Ancient crispy noodles, etc., the preliminary in this market. More than 20 entrepreneurs have used the bank’s credit services, with an average limit of 300,000 baht per case.

“Luang Pu Tuad Market It is a community tourism market that is outstanding in management. Selected only good products from local wisdom and culture. Many businesses have the potential to expand. or add value But because small entrepreneurs often do not have time to contact the bank. and without any confirmation documents Unfortunately, the opportunity to access funding sources is missed. Horse Carriage Refueling Unit therefore came to act to bring these entrepreneurs to access government services both in terms of capital without collateral coupled with knowledge in order for the smallholders to grow sustainably This success will spread to other community tourism markets across the country,” said Mr. Mongkol.

Mr. Watcharapong Mobilize Sittipat The president of Ban Mai Subdistrict Administrative Organization, Maharat District, Phra Nakhon Si Ayutthaya Province and Luang Pu Thuad Market Executive said that this market was opened to create opportunities for small local entrepreneurs. which in the past were trading along the way come together have a permanent place of employment Connecting to community tourism which will create a career and make money confidently Since opening the market for about 5 years, the number of tourists has continued to increase. At present, an average of about 3,000 people per day, if it is an average of 10,000 people per day on Saturdays and Sundays, even during the long holiday season, up to 30,000 people per day, total sales from all 135 market operators, counting only the first 4 months of this year. (Jan.-Apr. 2561) over 60 million baht, many of which sell well until they can’t produce it. There was a need for credit in order to expand production capacity, but in the past was unable to do so. because there is a lack of collateral, even there is a new service of the horse-drawn carriage unit from the SME Development Bank that considers credit approval from the fact that it does business No collateral required This is a great help for small traders to access the source of capital correctly and very satisfying.


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