With the goal to strengthen communities via sustainable development initiatives that encourage independence and environmental sustainability, the Thai Credit and Alliances team together with Nakhon Pathom Rajabhat University. Through the ‘EMpower for Community’ Programs of the Thai Credit Foundation, Thai Credit and its allies have begun CSR projects. As a way to preserve social, environmental, and economic sustainability, it is essential to foster self-sufficient communities and local knowledge. The Foundation and Nakhon Pathom Rajabhat University have agreed to collaborate together on executing these projects through the signing of an MoU.
The Bio-Circular-Green (BCG) Economy Model will constitute the primary goal of this partnership's efforts to nourish communities in Nakhon Pathom. Additionally, the cooperation will give farmers in the communities knowledge and abilities for career development prospects through participation in training sessions run by seasoned agriculturalists. The Self-Reliant Community Development Project and the Community-Driven Product Development Project represent two social initiatives that Thai Credit Retail Bank PLC launched as part of the ‘EMpower for Community' Initiatives. The Foundation and Nakhon Pathom Rajabhat University have inked an MoU to carry out these activities. The partnership seeks to establish two independent villages in Nakhon Pathom's Lam Hoei Sub District and Don Tum District.
The Boston Consulting Group (BCG) Economy Model, which incorporates the ideas of the bio-economy, circular economy, and green economy, represents the foundation of the Self-Reliant Community Development Project. This approach emphasizes on producing highly valuable goods and services that are resource-efficient and beneficial to the environment. Additionally, it emphasizes the preservation of biological and ecological resources. The implementation of this new economic model displays the dedication to sustainable growth and falls in line with the Sustainable Development Goals of the United Nations. The Thai Credit Foundation has been established by Thai Credit Retail Bank in order to foster community development, social and cultural activities, as well as art and the environment, said Mr. Winyou Chaiyawan, chairman of the foundation. Being a component of the Foundation's EMpower for Community Initiatives, two CSR projects have been launched in order to accomplish these objectives. These initiatives were created in accordance with Thai Credit's corporate motto, ‘Everyone Matters’.
The Foundation, working together with its collaborators, launched an experiment for the Self-Reliant Community Development Project which entails the creation of two self-sufficient villages. Both communities are situated in the region of Nakhon Pathom, one at Moo 8 in the Baan Nikom Community and the other at Moo 14 in the Baan Suk-Sabai Community. This software is going to serve as a test run for a larger initiative that will eventually cover more ground. It promotes equality by aiming to guarantee the equitable availability of capital resources and official financial services. It also promotes fiscal responsibility between community members and offers financial literacy education. Under the efforts of the Foundation, Community-Driven Product Development was a further significant endeavor. It aims to promote opportunities for employment and generate money within the neighborhood by utilizing local knowledge to make value-added goods that are comparable to OTOP goods. OTOP community businesses across 77 regions are invited to participate in the contest by submitting their innovative and eco-friendly goods. Customers who utilize the bank's services will receive complimentary samples of the winning product.
The Thai Credit Foundation's vice chairman, Mr. Roy Agustinus Gunara, said that one of the Foundation's aims is to improve community members' well-being. The Foundation works on educating community people about money matters and financial responsibility, assisting small business owners in developing their companies and making profitable choices for their businesses. The intent of this initiative is to boost community members' financial stability and, most critically, to deal with the persistent problem of family debt, that has previously stymied Thailand's economic expansion. The Foundation also aims to instruct students and young people in the neighborhood on wise financial practices, which will be essential for their long-term well-being.
"Through the Self-Reliant Community Development project, we aim to provide financial knowledge to community members and farmers while teaching good money habits to students in four schools. We want to equip them with financial principles not typically taught in schools. I hope that participants will apply the skills they learn from the training program to improve their financial well-being, effectively manage personal finances, generate income within their community, and develop strong financial resilience. These aspects form the foundation for sustainable economic development and growth in our country", Mr. Gunara said.
