More than 6 thousand small and medium-sized entrepreneurs (SMEs) of Charoen Pokphand Foods Public Company Limited or CPF accepted the Faster Payment project, giving credit terms within 30 days to help solve problems. Liquidity Strengthen Thai SMEs to support businesses in cope with the economic crisis Responding to CPF’s commitment to developing business partners, growing together.
Situation of the COVID-19 epidemic It has had a severe impact on small and medium-sized enterprises (SMEs) in many dimensions, including lower income because of the decrease in product orders. Decrease the cash flow But the cost remains constant. While the cost increases from the loan interest Expenses on the safety of employees, etc. As a result, some partners need to lay off employees. Or stop business, so CPF was initiated by Mr. Prasit Boonduangprasert CPF’s Chief Executive Officer has implemented a Faster Payment project to adjust the term of credit term within 30 days from October 2020 to help CPF partners who are SME entrepreneurs with a registered capital of not more than 5 million baht. Per person, able to sustain the business to go through this crisis firmly And able to cope well with changes including keeping employees safe from the epidemic
Mr Suranat Tangchitchob, owner of Tangjit Trading Ltd., said that receiving 30-day semester credit helps unlock liquidity of SMEs who face a significant drop in orders. It helps to have enough cash flow in the business. No need to borrow from other sources, which increases the interest burden. Help entrepreneurs stay Help to keep the business alive And keep the employee
Mr. Paisan Kankratok, owner of Cherdpong Karnjanakarn Ltd., Nakhon Ratchasima, added that the credit term within 30 days from CPF Help solve the liquidity problem of SMEs to have faster business turnover. Help businesses to have capital to expand new jobs Generate income to compensate for the lost income during the crisis.
Like Mr. Seree Boonsiri, Managing Director of P.Natchanan Co., Ltd., said the company was a contractor. It has been impacted by a large number of COVID-19 jobs. Getting credit Help the company have better liquidity Funds are available to purchase equipment and tools for new projects.
For SMEs who do not face much liquidity problem, the Faster Payment project helps SMEs partner to adapt or develop their businesses for growth. And can accommodate various changes
Mr. Yosari Phanich Worachaikul Managing Director of JS Commercial Trade Co., Ltd., CPF’s manufacturer of paper packaging for eggs, said the Faster Payment program helps entrepreneurs have faster turnover. It helps the company to have funds to raise the level of safety measures. To build the confidence of employees and customers Without having to find money from other sources And CPF also supports the development of online systems to help partners do not have to travel. Reduce the risk of disease outbreaks.
Ms. Laddawan Damrichob, Managing Director of Avarich, the provider of drinking water for CPF, said the project improved the liquidity of the company. And have the capital to further improve the quality of service for customers as well
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