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