Study of Models and Guidelines for the Development of Community Financial Organizations In Ubon Ratchathani Province

Abstract

The purpose of this research is to study the operational model and guidelines for the development of community financial organizations in Ubon Ratchathani province. The target group is 600 executives and 12members of community financial organizations. It is a qualitative research focusing on participation. The research instruments were questionnaire, interview form, group discussion. There were four models of community financial organizations: 1) saving-for–production group,2) credit union cooperatives,3) village and urban community funds, and 4) saving for the development of the life virtues.  Individual group characterized four interesting aspects: formation, group operation, common benefits for members, and problems and obstacles in the operation. As regards the development, it was found that the operation of the group financial organizations  comprised ten aspects:1) the components of the organizations consisting of both public and private sectors,2) the committee for virtuous and ethical promotion,3) the groups ‘ideological objectives, 4) administration, and understanding of the circulating funds,5)funds to be administered in a more sustainable manner,6) promotion of the welfare management in conformity with the way of life, 7) concerning the policy, the government should assign the state agencies to oversee the creation of knowledge and strength of financial organizations,8) relevant organizations should be encouraged to have more knowledge on the administration and management, 9) local administrative organizations should be given support in terms of management of funds and welfare,10) as for the roles and duties, an attempt should be made to provide more knowledge to organizations concerned; a network should be built at the local levels so that individuals concerned were in a strong position to exchange knowledge and experience. And the development should be carried out under the principle of participation and common learning with the community financial organizations playing a key role