TYM (Tinh Thuong One Member Limited Liability Microfinance Institution) is the first licensed microfinance institution in Vietnam. Its mission is to improve status and the quality of life of the poorest women and their families. TYM provides groups of women appropriate financial and non-financial services, thus giving them the opportunity to participate in economic activities and raising their role in society. Triodos Sustainable Finance Foundation has provided a local-currency loan to TYM. Its growth potential, focus on women entrepreneurship and dedicated management makes it a good fit with the fund’s portfolio.
KEY INDICATORS as of 31 December 2015:
- number of loan clients: 112,946
- percentage female clients: 100%
- percentage rural clients: 89%
- average loan amount: EUR 281
- number of savings clients: 116,694
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.