- Vision & Mission
- Strategic Plans
What We Do
- Collective Housing
- Land Planning
- Grant and Loans
- Community Council
- Welfare Fund
- Additional Projects
Who We Are
- Work Structure
Community Welfare Funds (CWF) serve as a community-sponsored
“social safety net,” to take care of community members in need and prevent
loan defaults. By combining daily contributions of 1 THB from the community
members with a match of 1 THB per day from both the local and national
government, a CWF acts as an informal insurance program.
CWFs are organized on the subdistrict or municipal level,
in rural and urban areas respectively, and average 300 members per fund.
However, a CWF can have up to 1,000 members. CODI encourages CWFs to have
a large member base in order to pool together resources, maintain sustainability
and encourage longevity. Nationwide, there are over 2,500 CWF with a total
of 1,000,000 members.
CWF can devote no more than 20% of the fund size to
administration and management costs. The remaining sum must be allocated
to member. CWF often chose to invest their money in order to appreciate
the value. Common investments include palm oil farms and rubber plantations.
The Central Government allocated 727 million THB
in 2009 with the intention of setting up an addition 2,000 CWFs. That
funding can be used to offset the start up expenses of a fund and to match
community members’ 1 THB per day contribution.