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SRT opens Chatuchak Weekend Market, joins hands with SME Bank to create community product dealers Stick to the wings of a millionaire Connecting the upstream economy, creating jobs, generating income, spreading to communities across the country

Small and Medium Enterprise Development Bank of Thailand (SME Bank or SME Development Bank) together with the State Railway of Thailand (SRT) organized the launch of the SME-D Scaleup activity, the boss 4.0, to extend the business wings of millions. To create opportunities for entrepreneurs to enter a source of low-interest funds to expand their business growth and promoting marketing, developing all-round potential, creating sales from millions of baht to millions of dollars It is an immediate extension from the signing ceremony of a memorandum of cooperation with 18 agencies joining forces to drive SMEs towards excellence. which General Prayut Chan-o-cha, Prime Minister, joined as the chairman of witnesses on August 2, 2018.

Mr. Mongkol Leelatham, Managing Director of the Bank of Thailand, said that Chatuchak Weekend Market is the largest outdoor market in the world. and is ranked as one of the 7 best markets in the world with unique stories in history, arts, culture and lifestyles. It is one of the destinations that the world wishes to visit and is regarded as a shopper’s paradise. Chatuchak Weekend Market Covering an area of ​​70 rai, there are 30 projects with approximately 10,000 shops selling fashion products, clothes, shoes, vintage works, gifts, souvenirs, home decorations, handmade, wood carvings. The sweetest savory dish that foreigners are popular for shopping, etc. Therefore, SME Bank sees it as an opportunity to develop entrepreneurs, SMEs and startups. In Chatuchak area, raise the standard both in marketing, management, design and design To be modern, have a story and use various tools. Upgrade to the 4.0 era for further development and growth. Create a prototype (Model) entrepreneurs from millions of baht sales and reached the international level of one million dollars with a wide range of development tools. both offline and online leading to further growth

In this SME-D Scaleup activity, the Bank will have experts from educational institutions such as the Knowledge Exchange for Innovation (KX) Center under the supervision of King Mongkut’s University of Technology Thonburi, which is a leading university at the national level, which is an ecosystem center to educate and support the group. A network to help SME entrepreneurs and upgrade startups to connect networks of government, industry and allies. Bringing knowledge, innovation and technology to commercial benefits by bringing together faculty who are well-versed in design, design and tools to adapt to the digital age who will come to give advice and advise entrepreneurs in a coaching style to their business; Through leading applications such as Shopee and Hong Kong’s HKTDC that will allow traders from around the world to match business. expand the market to grow further Including the bank, there is also an SME-D Bank platform that brings together applications for account management, marketing, inventory management, transportation and personnel management. Writing a business plan Provides services to traders in Chatuchak Weekend Market can choose a free trial according to the needs of each business as well.

Managing Director of the Bank of Thailand said that in addition to developing entrepreneurs and traders in the Chatuchak Market to grow The bank also provides investments for business expansion or business turnover. with special cheap credit Owner Loan 4.0 interest at only 1% per year throughout the 7-year contract for juristic persons To provide opportunities for small entrepreneurs and traders in the Chatuchak Market to gain access to funding sources that benefit their business by being a loan without principal payments for up to 3 years, paying only interest. The average payment is only 410 baht per day. There is also a star economy loan. For natural persons and juristic persons Supporting agribusiness entrepreneurs Community tourism business and continuous connection including new entrepreneurs with innovation Charge only 3% interest rate, fixed for the first 3 years, pay installment for 7 years by borrowing 1 million baht, paying only 460 baht per day, etc.

“I believe that this project will help traders in Chatuchak. Armed with intelligence and investment to drive the business even more. It also has a positive effect on connecting to the basic economy that is the source of community products for traders in Chatuchak in each area throughout the country, helping to create jobs and generate income to drive the overall economy as well.

In addition, within the event The Bank has activities to promote entrepreneurs to access special low-interest capital sources. by giving credit badges to 14 supported entrepreneurs in the ceramic product group products and home decoration Bags, fabric products, tie-dye fabrics, fashion products, jewelry local products as well as wooden decorative products, etc.

SMEDnews

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