The Development of Community Financial Organization based on the Strength of the Saccha Savings Group , Ta Kad Ngaow Sub-District, Tha Mai District, Chantaburi Province

Abstract

      The purposes of this research were to 1) study the conditions of the community financial organization based on the strength of the Saccha Savings Group , Ta kad Ngaow Sub-district, Tha Mai District, Chanthaburi Province, 2) study the development process of the community financial organization based on the strength of the Saccha Savings Group at Ta Kad Ngaow Sub-district, Tha Mai District, Chanthaburi Province, and 3)  propose  the ways to develop the community financial organization based on the strength of the Saccha Savings Group , Ta kad Ngaow Sub-district, Tha Mai District, Chanthaburi Province. The qualitative approach was used in this study. The structured in-depth interview was applied in collecting the data. There were 21  participants selected by the purposive sampling technique. The participants included the executive of the Saccha Savings Group, the representative of the committee of the Saccha Savings Group, those who had the role in the management of the Saccha Savings Group, the experts in the community finance at a local level, and the community financial academics at a local level.  For the focus group interview, 12 participants were invited, consisting of the experts in the community finance at a local level, the representative of the committee of the Saccha Savings Group, the representative of the members of the Saccha Savings Group, and the local leaders. Content analysis was used to analyze the collected data.  

  It was found from the research that:  1. The conditions of the community financial organization based on the strength of the Saccha Savings Group , Ta Kad Ngaow Sub-district, Tha Mai District, Chanthaburi Province were that the growth was quite fast – the Group was initially founded on 10 March, 1996 when there were only 108 members with the savings of 6,810 baht, and now there are 106,021 members with the current savings in the amount of 2,419,873,000 baht. The management of the fund deposited by the members has generated income and therefore, the welfare provided to the members was improved.  2. The development process of the community financial organization based on the strength of the Saccha Savings Group , Ta Kad Ngaow Sub-district, Tha Mai District, Chanthaburi Province consisted of the knowledge, the finance, the personnel, the welfare, and the network. In these 5 aspects, the Saccha Savings Group had developed the network with the same goal, performing activities together regularly, helping one another to share knowledge leading to the creation of alliances.  3. The ways to develop the community financial organization based on the strength of the Saccha Savings Group , Ta Kad Ngaow Sub-district, Tha Mai District, Chanthaburi Province should be as follows: 1) Developing the potential for the committee, sharing knowledge and understanding the concepts and principles of the Group, and taking part in developing human resources in the community, 2) Developing the financial system, accounting, risk management, and the registration preparation, and 3) Developing the working system together with the network in order to cover the group level, the district level, and the provincial level.