THE DEBT MANAGEMENT BASED ON THE PHILOSOPHY OF SUFFICIENCY ECONOMY OF VILLAGE FUNDS AND BAN MAI URBAN COMMUNITY IN PANG MOO SUBDITRICT, MUANG MAEHONGSON, MAEHONGSON PROVINCE

Abstract

The objectives of this research were: 1) to examine the current conditions of members of Village and Ban Mai Urban Community Fund in Pang Moo Subdistrict, Mueang Mae Hong Son District, Mae Hong Son Province, in relation to the Sufficiency Economy Philosophy, and 2) to study and propose guidelines for debt management of the fund based on the Sufficiency Economy Philosophy. Mixed-method research was employed, studying the entire population comprising 12 committee members and 60 fund members, totaling 72 participants. The research instrument was a questionnaire.The findings revealed that, overall, the integration of debt management based on the Sufficiency Economy Philosophy in Ban Mai Village Pang Moo Subdistrict, Mueang Mae Hong Son District, Mae Hong Son Province, showed the morality dimension at the highest level (µ=4.52 ,σ=0.54), followed by high levels in: reasonableness (µ=4.19 ,σ=0.72), knowledge (µ=3.73 ,σ=0.82), immunity (µ=3.51 ,σ=0.69), and moderation (µ=3.45 ,σ=0.74), respectively. Debt management of Village and Ban Mai Urban Community Fund based on the Sufficiency Economy Philosophy included: 1) Community problems affecting village fund debt management: excessive technology dependence and high capital investment, occupational redundancy, shortage of labor, kinship relationships, misuse of loan purposes, and communication; 2) Guidelines for debt management of the fund is grounded in the Sufficiency Economy Philosophy, which comprises three core principles: moderation, reasonableness, and immunity, complemented by two essential conditions—morality and knowledge. The framework addresses debt management challenges within the fund through a three-phase approach: 1) the pre-debt incurrence phase, 2) the debt management phase, and 3) the post-debt resolution phase.