PHP Warning: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead in ..../includes/class_bootstrap.php(433) : eval()'d code on line 110
real savings?
Results 1 to 3 of 3

Thread: real savings?

  1. #1
    Join Date
    Dec 2002
    Location
    Canada (Quebec)
    Posts
    756
    Thanks
    0
    Thanked 1 Time in 1 Post

    real savings?

    does anyone know what a กลุ่มสัจจะออมทรัพย์ is? A real savings group?

  2. #2
    Join Date
    Sep 2002
    Location
    ที่ไหนสักแห่ง
    Posts
    1,697
    Thanks
    10
    Thanked 20 Times in 13 Posts

    Re: real savings?

    I hadn't heard of this before, but from searching Google it looks like you could translate it as "local savings group", "village credit union" or something like that. I found this text which explains about what "sajja sasomsab" is, I guess สัจจะออมทรัพย์ is going to be along the same lines.

    In addition to applying traditional ceremonies for community development, new social programs have been set up based on the concept of punna. Sajja sasomsab or “savings with truthfulness” is one example. Sajja sasomsab is another type of local savings bank where people keep their savings and receive cheap loans, enabling them to avoid commercial banks and moneylenders. Sajja sasomsab was initiated by a monk, Phra Subin Paneeto, who successfully organized almost 300 groups in many provinces. More than half of the villages in his home province of Trad have set up such groups. What makes sajja sasomsab distinct from ordinary local saving banks is the reliance on Buddhist virtues such as truthfulness.  Every member of sajja sasaomsab is required to make and keep a pledge of truthfulness that the same amount of money will be deposited in the group bank every month. This promise of truthfulness helps to maintain their commitment to the group. The concept of punna is another principle of these groups. Members are told that their participation is a way of practicing punna since their savings can be used to help people in trouble. In the process of making loan decisions, priority is given to people who are in trouble, such as needing money to pay medical bills or school tuition for children. This is another attempt to revive the traditional virtues of compassion and generosity. In the past these virtues were so integrated into the life of village people that they could be seen in all details of their daily life, such as providing drinking water in front of houses, giving food and lodging to strangers, building shelters for travelers, giving a helping hand with rice harvesting and constructing houses or roads, etc.  All these acts of cooperation were regarded as the practice of punna. The systematic organization of sajja sasomsab, however, has developed this practice to another level. Rules and regulations are laid out for collective decision making and transparency. Another difference is that money is mobilized, instead of labour as in the past. Further, these funds circulate within the local village economy rather than being siphoned off to distant financial centers. These are examples of applying merit making practice to structural issues such as supporting community work and reducing poverty.

  3. #3
    Join Date
    Dec 2002
    Location
    Canada (Quebec)
    Posts
    756
    Thanks
    0
    Thanked 1 Time in 1 Post

    Re: real savings?

    thanks mike!

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •