The Student Loan Fund in collaboration with the Small and Medium Enterprise Development Bank of Thailand (SME) or SME Development Bank supports entrepreneurs who are borrowers for credit and investment in SMEs. By Mr. Chainarong Kajchapanan, Student Loan Fund Manager, and Mr. Mongkol Leelatham, Managing Director Small and Medium Enterprise Development Bank of Thailand Signing a Memorandum of Cooperation On Tuesday, December 25, 2018 at the press conference room, Ministry of Finance.
Mr. Chainarong Kajchapanan, Manager of the Education Loan Fund, revealed that the Fund now cooperates with the Small and Medium Enterprise Development Bank of Thailand (SME) or SME Development Bank to promote the potential and Support SMEs entrepreneurs who borrow funds to gain access to funding services. for investment, development, expansion or improvement of their own business Currently, the Fund has more than 5.5 million borrowers, with over 3.7 million borrowers pending debt repayment. or permanent employees who decide to run their own business If this group of borrowers has financial discipline or has a history of continual repayment of funds Should be given an opportunity to support investment to expand the business. The fund expects cooperation with SME Development Bank, the main state-owned financial institution providing financial, credit and investment services. including helping and developing small and medium-sized entrepreneurs this time It will lead to creating a career and income for entrepreneurs who are borrowers. to have enough income to repay the fund to be circulated to create educational opportunities for the next generation in line with the government’s operational policy to create opportunities create jobs, build careers and having stable and sustainable income for the people as well as helping to distribute income to drive the country’s economic and social system in the long run.
Mr. Mongkol Leelatham Managing Director Small and Medium Enterprise Development Bank of Thailand (SME) or SME Development Bank said that the survey of Thai SME entrepreneurs The University of the Thai Chamber of Commerce, together with the bank, found that there are currently 5.2 million SMEs entrepreneurs who are small or More than 3 million unregistered micro-SMEs, among which some of them are student loan fund borrowers. with a history of continuous reimbursement
In this regard, SME Development Bank is considered the first financial institution to cooperate with KK. Support SMEs who are borrowers of KK. See opportunities for new business owners who have graduated and are still studying. have good financial discipline pushing the new generation of entrepreneurs to be “Rising Star Entrepreneurs” have the opportunity to access sources of funds and knowledge to invest in developing, expanding and improving their own business to be more efficient. with ultra-low interest rate loans such as “Ow Kae 4.0” loan for juristic persons, promoting SMEs who want to reinvest, expand their business, improve with an interest rate of 1 percent per year, with a maximum loan term of not more than 7 years, “Star Economy” or “Local Economy Loan” )” Interest rate starting from 0.25 per month, maximum loan term of not more than 7 years for individual entrepreneurs and juristic persons. that operates agricultural processing business Community tourism, innovation and self-employed, and “Transformation Loan Strengthen” loan with a low interest rate of only 4% per annum over the project period of 7 years, with a maximum loan amount of 15 million baht per person, etc.
In addition, SME Development Bank will be a moral organization. by encouraging the Bank’s personnel who are borrowers of the NIDA to have good financial discipline by debiting the salary account to pay back the Fund As for the Student Loan Fund (YOT), which this cooperation will help entrepreneurs have capital to expand their business and repayment of the fund creates opportunities for younger generations. in line with the government’s policy to create opportunities Build a stable and sustainable career.