Chayo Group Public Company Limited joins hands with partners PNN Capital and EZKE to sign a cooperation agreement to create “Modern Community Business” or “Local Enterprise”, a model of Thailand for building sustainable community businesses ready to offer credit services to communities across the country
On Oct. 4, Mr. Suksan Yosasin, Chief Executive Officer of Chayo Group Public Company Limited or CHAYO, Mr. Kitti Tangsrivongs, Deputy Chief Executive Officer and Mr. Nataphol Thipchatchawan, Chief Executive Officer Accounting and Finance, together with Mr. Phisanuphong Thirachotiphuwanan, Director of PNN Capital Company Limited, Mr. Sis Prukwan, Director of Ezeke Company Limited, and Mr. Nuttaphong Pantakiatpaisan Project consultant and major shareholder, PNN Capital Company Limited signed a cooperation agreement to create opportunities and careers for community businesses in all regions of Thailand. ready to offer financial services to the public thoroughly and conveniently
Chayo Group Public Company Limited by Chayo Capital Company Limited, a legal credit service provider, in collaboration with PNN Capital Company Limited and Ezeke Company Limited collaborate to carry out personal loan and nano finance projects. Through Ezke’s Drop Point Plus transport network, to offer credit information to interested customers. Ready to connect with CHAYO with online technology developed jointly by CHAYO to consider and approve loans directly to customers. The goal is to provide loans of 2.5 million baht per branch, pilot 16 branches and expand to more than 200 Drop Point Plus nationwide.
Mr. Suksan said This cooperation makes the company Able to expand credit services to communities across the country more thoroughly through the company’s credit approval process PNN and Ezeke partners will select Drop Point Plus service points to provide credit information to customers. It is believed that this cooperation will help increase liquidity for people in the situation of the Covid-19 epidemic.
Mr. Phitsanupong said that the company has the idea of creating a modern community business (Local Enterprise), which means traditional businesses in the community, combining potential with technology and digital. The aim is to maintain traditional businesses to stay with the community and to support them to adapt to change and be able to compete with modern businesses. leading to dependence on each other in each community This will create added value and create a circular economy in the community that is sustainable.
With this partnership, Drop Point Plus transport chain stores will provide additional services to better meet the needs of their customers. In addition, credit information services will provide the community with more options and access to cheaper sources of credit. Must be legal without having to travel far. The goal is to expand Drop Point Plus to 200 branches by 2021 and 600 branches by 2022.
While Mr. Nuttaphong Pantakiatpaisarn said that if the community can be self-reliant, it will create a circular economy in the community. This is to create an opportunity to diversify the source of capital. At the same time, it also increases the opportunity for people to have access to credit in the system. leading to the emergence of new business people who are ready to adapt to technology and understand legal requirements
