Bangkok, Government Savings Bank raises the level of the market holistically. “Savings Market Ruamjai” piloted at 18 locations nationwide. Hoping to be a source of funds for fresh market vendors

Mr. Withai Rattanakorn, Director of Government Savings Bank, revealed that the bank has created a project to upgrade the holistic market (Holistic Market Project) under the name "Government Savings Market Ruamjai" to expand on the concept of holistic community development work. The goal is to help solve debt problems and provide a source of funds for sellers in the community's fresh market. Most recently, we visited Chedi Mae Krua Market, San Sai District, Chiang Mai Province, 1 of the 18 markets in the project. To follow up on work progress Including attending meetings to assess problems and obstacles. and determine success factors for each market participating in the project at the Business Administration meeting room. Maejo University, Chiang Mai Province

The Holistic Market Project is a collaboration with the Government Savings Bank. with the market owner and government and private sector agencies who jointly selected private markets and municipal markets to pilot 18 locations throughout the country To help entrepreneurs in the market, including merchants, hawkers, stalls, and small entrepreneurs. To be strong Have income and have a better quality of life Have fair access to funding sources Escape from informal debt By adding knowledge to merchants in the market through various activities.

Covers development in 7 areas: 1) Debt problem solving By providing knowledge and advice on resolving debt in the system and outside the system, improving debt structure. and guidelines for preventing debt 2) promoting savings To build savings discipline 3) Access to funds or loans with fair interest rates and conditions. Do not rely on informal debt. 4) Provide financial knowledge, Financial Literacy, and financial management. and plan savings 5) Support having a second career as an additional career. and increase specific skills that are necessary

6) Provide knowledge on increasing sales/marketing channels through online channels and 7) Supporting the infrastructure for trading, including re-branding markets, improving locations, shops, and signs indicating trading zones. and the environment in the market, etc., which is currently in the process of monitoring progress and evaluating the success of the project implementation in all 18 markets, including Chatuchak Market, Bangkok Province, Don Wai Floating Market, Nakhon Pathom Province, Chedi Mae Krua Market, Chiang Mai Province Warin Chamrap Municipal Fresh Market Ubon Ratchathani Province Sadao Municipal Market, Songkhla Province and Chao Phraya Fresh Market Chonburi Province.

Source: Thai News Agency