The Management of Truthfulness Saving Fund in the Area of Chorakhe Mak Subdistrict, Prakhonchai District, Buriram Province

Abstract

This research aimed to study the management of truthfulness saving fund in the area of Chorakhe Mak Sub-district, Prakhonchai District, Buriram Province. The data were collected from 12 Chorakhe Mak Subdistrict truthfulness saving fund’s committee. The research instruments used were interview, observation, and group discussion. The results revealed that 1) the operation may have problems and obstacles in managing truthfulness saving fund in 3 ways as follows: 1.1) the management of truthfulness saving fund, it was found that some members paid the money to the fund late than the date specified; as a result, the committee could not take the money to deposit with the bank and had to wait for all unpaid money left until every member did. Also, some members did not attend the member meeting; thus, they did not know information the group president had informed; 1.2) the members, the findings showed that the more members increase, the more money is needed to be borrowed; consequently, this became money problem of the fund when it was the time to give the loan. Besides, no member wanted to be the fund committee when the new committee appointment was proposed; thus, there was no new faces come to be committee. Therefore, there was only the same original committee rotating to run the operation; and 1.3) financial source, it was found that there was only a financial source channel for the fund; that is, a member had to pay a monthly minimum 20 baht truthfulness saving to the fund. Also, there was no contribution from government through a community welfare promotion project. In addition, there was no new idea in financing the fund. 2) The management of truthfulness saving fund was as follows: 2.1) creating awareness and learning process together; 2.2) selecting good person a committee; 2.3) setting up regulations; 2.4) establishing truthfulness saving fund; 2.5) collecting truthfulness saving money from money for releasing loan; 2.6) collecting interest every 3 months to pay to the bank; 2.7) collecting principal every year end to pay to the bank; 2.8) appropriating profit; and 2.9) annual closing and showing financial statement