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SME Development Bank builds an innovative model “Baan Bak Chum”, adding value-added design “underwater wood, innovative design furniture” to raise community income.

Bank of Thailand to create “Ban Bak Chum”, Ubon Ratchathani Province Up to the village to develop new furniture design. Resurrecting underwater wood to create added value Ready to support low interest loans be a role model for success expand to other communities Build a strong and sustainable economic foundation

Mr. Mongkol Leelatham Managing Director Small and Medium Enterprise Development Bank of Thailand (SME Development Bank) or SME Bank said that the bank aims to develop small SME entrepreneurs, especially in the community. to enhance the basic economy One of the communities that the bank has developed is Ban Bak Chum, Non Ko Sub-district, Sirindhorn District, Ubon Ratchathani Province. has a way of life connected to the river It is famous for producing large pieces of underwater wooden furniture sets. Most of the wood used for production is teak, rosewood, maka, takhian, khaen, rubber, etc., all of which are the remains of old wood submerged in the Sirindhorn Dam. when used as furniture Therefore, it is strong, durable, and has a uniquely beautiful pattern. and there is only one piece in the world

However, from the assessment It is estimated that in the next 10 years, a large piece of wood remains submerged in water. tends to decrease and eventually exhausted. In addition, in the furniture manufacturing process will be left with a small piece of wood Many were cut off. In the past, villagers used to burn them down. or sold as cheap charcoal The bank promotes and develops innovative techniques for villagers. Reinventing the production of new types of workpieces, thus creating an innovative way of furniture work of the Ban Bak Chum community. Emphasis on woodworking, smaller size but high value, diversified convenient to transport Suitable for tourists to buy back as souvenirs when visiting Ban Bak Chum community, such as picture frames, plant pots, dolls, plates-bowls, lamps, and decorative woodwork to decorate the house, etc.

Mr. Mongkol further said that the promotion approach will add knowledge to the villagers. especially the design to keep the product up-to-date through training by bringing in a group of professors with knowledge of marketing and design from the Faculty of Management Ubon Ratchathani University Come to organize training to add ideas to create a new modern style of furniture. along with helping to expand the market through online As a result, wooden products from Ban Bak Chum are popular all over the country. sell for added value Some items cost hundreds of thousands of baht. Able to expand wide customer groups such as hotels and resorts, etc., creating jobs. It generates income for 120 households in Ban Bak Chum, more than 40-50 million baht per year, and most importantly, helps to maintain the environment of the community as well. Answering the question of being an environmentally friendly community Therefore, it is the way of life of the community. put innovation in production It is an innovation that adds product value to the community, another model that was put forward as an example.

“The Bank has organized a team to develop entrepreneurs in the area to provide knowledge. Ask about the needs of the community in various dimensions and what kind of assistance they would like to receive, such as providing knowledge to develop outstanding product designs, using steel, acrylic, glass, and adding colors to the material. as well as substitute materials to connect to make the workpieces unique Manufacturers can adjust the price at least 3-5 times and also penetrate the upper market to export. by bringing in machines to help produce products that meet the market demand which the bank has working capital, loans with cheap interest rates to support and indispensable The bank introduced the bookkeeping to know the real cost. We found that villagers often did not take into account the cost of ordering wood carcasses from dive groups. causing the selling price to be lower than it really should be,” said Mr. Mongkol.

Ms. Thananya Ma Eing, representative of the Sirindhorn Dam Underwater Furniture Group, Ban Bak Chum, Non Ko Sub-district, Sirindhorn District, Ubon Ratchathani Province, said that the Bank of Thailand’s visit to the area with academics Knowledge of design and marketing Help open up ideas for villagers to continue to transform traditional products into new forms with added value. without looking at the scrap wood left over from furniture making as useless as well as urging villagers to be alert see opportunities to expand into new markets Make products to meet the needs of hotel and resort customers such as TV racks, wall shelves, etc. extension of that product The group of manufacturers need funds to use for revolving purchases of raw materials and machinery, SME Bank to fill and support low-interest loans. ready to promote marketing Help reduce the problem of being middlemen press the price of the product. and help generate additional income for the community as well

However, once the knowledge has been developed, the Bank of Agriculture and Agricultural Cooperatives will support low-interest loans. to invest in business improvement buy machine and as a working capital for sustainable business growth through various projects Whether it is a loan for a juristic person, such as a business owner 4.0 loan by the Ministry of Industry The interest rate is only 1% per annum, the first 3 years of principal repayment is free, giving the opportunity for small entrepreneurs with financial problems to borrow. (even having been restructured or non-continuous installments) and loans for individuals and juristic persons, such as star economic loans, 3% per annum interest in the first 3 years for agro-processing business tourism/community tourism, etc. by the wooden furniture business of Baan Bak Chum Elemental can apply for a loan to fund the purchase of machinery and use it to expand the market. The success of such development will be used as a model for further development for other communities.

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