Financial Management Seminars and Trainings for SMEs. Mrs. Saisawan Vadhanapanich (Ph.D.) Director Better Business Practices Division

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1 Financial Management Seminars and Trainings for SMEs Mrs. Saisawan Vadhanapanich (Ph.D.) Director Better Business Practices Division

2 What is the Kenan Institute Asia? Kenan Institute Asia is a Thai non-profit Institute dedicated to the promotion of sustainable development and competitiveness in Thailand and the countries of the Greater Mekong Sub-Region (GMS).

dedicated to the promotion of sustainable development and

3 Who do we try to help We focus on assisting entrepreneurs and small and medium-sized businesses (SMEs), corporations. communities and youth.

4 Who do we try to help SME Consulting, Cluster Competitiveness, Business Plan Writing, Business ncubation Management, Microfinance ICT in Education, Personal Finance Management, English and International Education, Youth Leadership Environment Education for Youth, Sustain Urban Developmen t, Environment Advisory Service

Finance Management, English and International Education, Youth Leadership

5 Target Audiences for Financial Education 1. Financial Institution 2. SMEs 3. Microenterprise 4. Communities

6 Areas of Assistance Entrepreneurship and incubation Business consulting, training, seminar Cluster development for competitiveness Microfinance Financial literacy Bank training

7 Assisting Financial Institutions Bank training program Supported by USAID

8 Strengthening Financial Institutions: The AERA Bank Training Program Components Risk Management Debt Restructuring. Control Self Assessment. Small Corporate Skill Improvement. Distance Learning.

Debt Restructuring. Control Self Assessment.

9 Strengthening Financial Institutions Success / Achievements During 3 years in operation, KIAsia s BTP program has assisted 7 private Thai-owned commercial banks and 6 state-owned banks. Trained more than 22,000 banking officers including top management, middle management, and operational staff with practical knowledge and interactive training.

10 Strengthening Financial Institutions Success / Achievements (cont d) All of the Thai banks share the cost of the program; each contributes at least 20% of the total cost of the assistance it receives. Each institution designed its own training curriculum with guidance from KIAsia. Train the Trainee.

20% of the total cost of the assistance it receives.

11 Responsible Personal Financial Management in Thailand Sponsored by the American Express Foundation To raise awareness and equip Thais with still to improve their personnel financial management.

12 Responsible Personal Financial Management (cont d) Target Audience: Young Thai adult, colleges students and professional worker, age 20-35

13 Responsible Personal Financial Management (cont d) The program allows KIAsia to communicate the importance of financially responsible-related themes, including responsible use of credit, budgeting, escaping debt, goal-oriented savings, and retirement planning

responsible-related themes, including responsible use of credit,

14 Responsible Personal Financial Management (cont d) Subject focus includes: Personal budgeting/planning Responsible use of credit Banking - personal loans Life insurance and non-life insurance Investment - mutual fund, securities, bonds

use of credit Banking - personal loans Life insurance and

15 GE Personal Finance Management Objectives: To develop a localized personal financial management curriculum. To build capacity for Thai community colleges in teaching personal financial management to their students and communities. To distribute knowledge on personal financial management to the public.

To build capacity for Thai community colleges in teaching personal

16 GE Personal Finance Management Project Model Curriculum development Pilot Training Training of Trainers Submission of curriculum to the Ministry of Education

17 GE Personal Finance Management Achievements Money Wise Curriculum Community college Money Wise trainers: Participation of GE Volunteers

18 Financial Management Workshop for SMEs owners Allow SMEs owners to create their own systematic financial plan, both short term and long term for internal usage and other fund raising purposes.

19 Financial Management Workshop for SMEs owners (cont d) Topics of the workshop: Basic of financial management. Financial Statement Analysis. Financial projection and Budgeting Financial Feasibility analysis. Credit Analysis from the Financial Institution s perspective.

20 Financial Management for Survival and Recovery The objectives of the seminar Enhance SMEs ability to use financial analysis for major decision making.

21 Financial Management for Survival and Recovery The objectives of the seminar are as follows: Publicize roles of venture capitals as new sources of fund. Provide effective strategic planning for SMEs to turn around the business.

22 Microfinance Best Practices in Community Finance Objectives To identify common needs and weaknesses of Community Financing Groups in Thailand. To develop appropriate curricula for best practice in community financing.

23 Microfinance Best Practices in Community Finance Objectives (cont d) To deliver train-the-trainers courses and workshops throughout major regions of Thailand. To screen and select the qualified trainers for the delivery of curriculum and knowledge to communities.

24 Microfinance Best Practices in Community Finance Methodology Phase I : Curriculum Development Phase II : Train-the-Trainers Courses Phase III : Follow up and Evaluation Phase

25 Tsunami Recovery Action Initiative Sustainable Village Development Encourage the establishment of community saving funds by providing seed grants and training Provide technical advice; accounting format, loan verification and approval process, cash flow management Focused geographical areas: Krabi and Phang Nga

26 Microfinance program for the Vietnam Bank for Social Policies Bank goal: To provide credit to the poor Problem: 1.The knowledge in this area is very limited. 2.No experience in managing the microfinance.

27 Microfinance program for the Vietnam Bank for Social Policies Obstacles: 1. Lack of curriculum and training material 2. Lack of trained trainers 3. Lack of expert

28 Microfinance:VBSP 1 st phase: 1.Build a core training team 2.Provide training in a core microfinance curriculum 3. Training curriculum includes SWOT for the microfinance institutions, group management, fund mobilization, performance indicators, and performance management.

29 Microfinance:VBSP 2 nd Phase: 1. Kenan will work with these trainers to develop a microfinance curriculum especially designed for VBSP employees. 2. The curriculum material will be interactive, use web-based teaching.

Financial Sector Master Plan Phase III

Financial Sector Master Plan Phase III The Bank of Thailand (BOT) in cooperation with the Ministry of Finance (MOF) has set the goals and strategic directions for financial sector development through the