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Problem and Sustainability of the Community-based Saving and Welfare Funds

NIDA Economic Review Journal

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Title Problem and Sustainability of the Community-based Saving and Welfare Funds
 
Creator Kiatpathomchai, Sirirat
Charenjiratragul, Somboon
 
Description This paper has main objectives to present on-going operations and problems of Community-based Welfare Networks (CBWNs), Songkhla province and to formulate sustainability models of the Welfare Fund. The primary study areas were Khao-Phra,Tha Kham and Ching-Kho sub-districts in Songkhla province. In addition, informationfrom other threeCBWNs; (1) Network of Community Microfi nance, Trat province,(2) Micro Finance Institute, Nhong sarai sub-district, Phanomtuan district, Kanchanaburi province and (3) Network of Community Microfi nance, Palmpattana subdistrict,Manang district, Satun province were utilized in this research. The research meth-ods were an integrated approach, in depth interviews with key informants, openknowledge sharing forum for stakeholders, and personal interviews with samplesof local people of the three sub-districts. The data were analyzed using descriptivestatistics and quantitative analysis using appropriate statistics.The results indicated that even though the CBWNsin Songkhla province, orlocally known as “One Baht a day Saving” were well established networks connect-ing the village to provincial levels and members were rapidly increasing, they hada bottleneck of insuffi cient knowledge of an operation of some welfare distributionitems. Moreover most of the members decided to become members of the networks primarily based on their expectation of receiving the welfares. Sustainability problem of the funds the time of welfare and pension distributions was a keyproblem that all leaders of the networks were worried about. At present, sourcesof cash fl owed into the welfare funds of the CBWNs, Songkhla province were fromtwo main channels, i.e. the One Baht a day Saving that all members were commit-ted to pay annually at 365 baht, and the government contribution funds throughthe community-based welfare arrangement project (the project contribution at aratio of 1:1) including some contributions from the Local Administrative Organiza-tions. Moreover, there was no initiative to fi nd new sources of revenues to thewelfare funds.On the other hand, the other three CBWNshad not only their conventionalsources of funds similar to the two source that CBWNs in Songkhla province had, but also their attempts to materialize their self-reliance initiatives by visibly fueling cashinto their Welfare Funds. Their sources of fund were rationing operational profi ts from their saving groups, village funds, community banks,communityfi nancial institutesand part of the profi ts from their community enterprises that the Community-basedmicrofi nance had supported. Their welfare funds were more secured. The CBWNs,Songkhla province were advised to apply this knowledge to their own welfare fundoperations.
 
Publisher Development Economic Review
พัฒนาการเศรษฐกิจปริทรรศน์
 
Date 2012-01-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://tci-thaijo.org/index.php/NER/article/view/22700
 
Source Development Economic Review; Vol 6 No 1 (2555): NIDA Economic Review Journal; 107
พัฒนาการเศรษฐกิจปริทรรศน์; Vol 6 No 1 (2555): NIDA Economic Review Journal; 107
1906-2540
 
Language eng
 
Relation https://tci-thaijo.org/index.php/NER/article/view/22700/19406
 
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