community enterprise

1381 Words3 Pages

Meanwhile, Mr.Prayong and some rubber farmers have had a chance to observe activities at the Nabon community’s sheet rubber factory and a private factory that was caused to build rubber farmers confidence to create an initial concept that was the factory operation in order to process rubber as probably an answer to solve problems about processing control and cutting a middleman.
Later on, the twelve founding members have clustered to discuss many time during two years to make a summary about learning activities mentioned and process planning for establishment a small rubber processing plant through specification of factory’s size and capacity under existing capital and manpower, so that they have considered that to build a small rubber processing plant they need to spend much money to build a plant and to purchase the machines in order to support the production capacity 1.5 tons per day so they need to invest approximately one million Thai Baht, then they have tried to work with other community members to make alliances and fund raising. They have settled to sell rubber shares around 20,000 shares to community members who were interested which were sold 50 Thai Baht per share through the shareholders around 37 members, from the success of fund raising by selling the shares caused to earn an investment around one million Thai Bath which was enough to build the small rubber processing plant.
Eventually, the “Rubber Farmers’ Group of Mai Riang” was registered on June 1st, 1984 through 37 members with the aims are to manage resources in community to value added and to reduce the procedures that are the financial burden of the farmers who are members as well as to solve the problems through self-reliance and rely on a network. And, ...

... middle of paper ...

... and following up on the implementation and secondly, the administrative section is responsible for administration and the development of the council. Thus, there is operational plan and also activity plan to perform in community that getting villagers’ cooperation in order to systematize of activities that start to learn the needs of the community, productivity system, marketing and resources transforming.
Moreover, in terms of financial management in community is the managing of income and expenditure and also about making decisions that will enable the business to survive financially that is very important because it is related to funds of community, there was the Mai Riang community bank in terms of financial management that community members tried to manage through the accounting system that measures both costs and revenues in support of the income statement.

More about community enterprise

Open Document