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Survey results show that SMEs across the country surpassed 5 million SMEs announced to hold microscopic SMEs surveyed about low interest loans.

SME Development Bank merges with University of the Thai Chamber of Commerce The number of Thai SMEs surveyed was as high as 5.2 million, identifying small groups or “Jul SMEs”, falling as high as 2.7 million. Fill in the gaps, with a limit of 50,001-1,000,000 baht per person, through a loan of 1% per annum, pushing it to be the driving force of the foundation era.

survey on the topic “Number of SMEs establishments in Thailand” is a database of SMEs. In addition to the joint arrangement between University of Thai Trade and Small and Medium Enterprise Development Bank of Thailand (SME) or SME Development Bank, such survey results will make The bank is aware of the current situation of SMEs. including credit requirements, debt burden, and ability to access credit from both state-owned financial institutions and commercial banks. This will allow the bank to use the survey results to develop measures to promote SME entrepreneurs that meet their needs. to elevate entrepreneurs to grow strongly and sustainably

Asst. Prof. Dr. Thanawat Phonwichai, Director of the Center for Economic and Business Forecasting University of the Thai Chamber of Commerce, said that from the entrepreneur registration data of the Office of Small and Medium Enterprises Promotion (OSMEP) and the 2017 Business and Industry Census by the National Statistical Office, it is estimated that the number of S entrepreneurs SMEs in Thailand have approximately 2,493,044 million when combined with the survey results of the number of SMEs. From the cooperation between the SME Development Bank and the University of the Thai Chamber of Commerce, it was found that there are still 2,760,251 small business entrepreneurs or “Micro SMEs” who are not counted in the business and industry census. In the market, a total of 1,286,618 cases A hawker group or a stall totaling 564,039 persons A mobile food truck group Food Truck + Pumphuang number 90,437 A group of online stores amounting to 412,004 A group of franchisees a total of 4,900 persons A group of small government lottery dealers in the amount of 170,938 cases and other operators of 231,315 cases, therefore, the current assessment Thai SME entrepreneurs There are as many as 5,253,295 cases.

from the above information also found interesting information It is a group of micro SMEs that are not included in the business and industry census. Can access funding – credit through financial institutions (banks) in the normal system only 20.86% (16.45% state banks, 4.41% commercial banks), most of them use private capital up to 39.61%. do not borrow money from the bank Because I don’t want to be in debt 38.14% No collateral 20.75% Not reviewed 12.80% Too many steps, not keeping up with demand and do not know how to borrow 11.86%, etc. In addition, micro SME groups with debt 49.30% from formal borrowings and 50.70% informal debts from informal borrowing sources and close relatives

As for the debt structure, it was found that Micro SMEs had average debt of 193,523.81 baht, a loan in the system of 308,377.66 baht and an informal debt of 33,206.73 baht. or a grace period of 30.72% due to a decrease in purchasing power higher expenses or living expenses business lack of liquidity Interest rates have increased and are in the beginning of the semester.

Asst. Prof. Dr. Thanawat Discussing the view of the ability to borrow money in the system of micro SMEs, able to recover 42.37% from the reason that they used to borrow from state banks or commercial banks and have collateral. As for the group that can’t be borrowed, 57.63%, the main reason for 53.22% is because there is no collateral. What SMEs want to get help from the government is to stimulate the economy for consumption. Help to fix short-term debt by adjusting to long-term debt to allow installments. Supervise the level of the product, the cost of raw materials Create access to funding sources with quick approvals. Reduce transportation costs – energy There are credit products for merchants – dealers to replace informal debt borrowing. and let the government solve the problem of informal debt – household debt

Mr. Mongkol Leelatham, Managing Director Small and Medium Enterprise Development Bank of Thailand (SME Development Bank) or SME Bank said that from the survey on loan demand of micro SMEs within 1 year from the present, it was found that Micro SM E amount 44.59% want to borrow money and almost all indicated that they would like to borrow in the system with a limit of 25,000-50,000 baht, which the level of such loan There are various financial institutions in the system already supported, but the level of loan 50,001-1,000,000 baht is still a gap that no financial institution has seriously taken care of, so SME Development Bank as a state-owned specialized financial institution ready to go in and support such entrepreneurs through the product Boss Loan 4.0 for Juristic Persons Interest is charged at 1% per annum throughout the term of the contract for 7 years, no collateral required. Provide opportunities for retailers with financial problems to borrow (even having restructured debt or non-continuous installments) to pay only interest, no repayment of the principal for up to 3 years, installments of only 410 baht per day only Can know the result of the consideration in only 7 days.

As for what they want to receive from the SME Development Bank, Micro SMEs think they want a simpler and more convenient loan process. Creating a body of knowledge or suggesting a form of preparation for applying for a loan by reaching more merchants Emphasis on creating financial products that are suitable for micro SMEs that need liquidity. as well as providing convenience in making payments or contacting banks to reduce financial costs especially the interest rate cut Extending or extending the repayment period And there is a form of interest and principal payments on a daily, weekly, or 15-day basis, in accordance with the nature of SME businesses. which includes both merchants in the market Hawker-Stalls food cart Or even lottery sellers who mostly have daily income and need to fund their trading, for example.

Mr. Mongkol said that the bank will expedite the results of the survey and recommendations. to develop credit products and services to meet the needs of micro-SMEs as much as possible If they support access to funding sources along with knowledge, it will help micro SMEs to be an important force in driving the Thai economy. to grow strong from the foundation

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