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TYM – Do Luong Branch (Nghe An):Milestones in supporting women's comprehensive development

PV DNUM_BCZAJZCACE 14:00

“Do Luong women have overcome difficulties and reduced poverty since TYM was established” - This song has been passed down from generation to generation as the clearest proof of sustainable development in accordance with the motto and mission that the Vietnam Women's Union has entrusted to TYM to support women in their comprehensive development.

Branch 18 Do Luong, the predecessor of TYM - Do Luong Branch (Nghe An) was established in April 2007 with the first 30 female customers in Do Luong town. After 17 years of operation, the branch has attracted more than 11,000 customers, expanding coverage to 247 villages, 40 communes/towns in 3 districts: Do Luong, Anh Son and Thanh Chuong.

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Officers and employees in front of TYM's office - Do Luong Branch, Nghe An.

In the early days of its implementation in Do Luong district, the branch's operating method was completely new to the women of the district. Therefore, approaching and analyzing so that women could understand the meaning and benefits of borrowing and saving at TYM encountered countless difficulties. With a loving and enthusiastic heart, the branch staff did not mind the sun or rain, going early in the morning and returning late at night to knock on the doors of each house and household to propagate and introduce TYM activities to the people.

We still remember vividly the scorching summer afternoons when TYM cadres tirelessly traveled every kilometer down to the grassroots level when they heard from branch cadres that members wanted advice on TYM policies. Despite the hot weather, the smiles never faded from the faces of TYM cadres, young men and women who had just graduated from school and were taking their first steps into the profession. The tireless steps of the branch cadres went everywhere, accompanying women in all regions on the path of economic development.

Under the close direction and coordination of the Women's Union at all levels, especially the enthusiasm of the grassroots branch staff, the dedication of TYM staff, up to now, TYM - Do Luong Branch, Nghe An has affirmed its position in the locality with more than 11,000 customers. The branch has 28 experienced staff working and ready to take on tasks anywhere.

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A handover activity to support New Rural Areas of TYM Fund - Do Luong Branch.

Applying the form of weekly and 4-week repayment at the customer's place of residence is one of TYM's outstanding highlights in terms of convenience as well as the mechanism to reduce repayment pressure for women. TYM's capital products are diverse, procedures are quick and simple, loans do not require collateral, capital levels from 1 to 50 million VND are repeated many times.

To date, TYM - Do Luong Branch has disbursed more than 69,700 loans, worth VND 1,460 billion. Most customers know how to effectively utilize capital from TYM, striving to become rich legitimately. As of the end of August 2024, outstanding credit balance across the entire branch reached more than VND 110.9 billion. The customer repayment rate is always maintained at 100%.

In addition to supporting loans for economic development, TYM - Do Luong Branch, Nghe An also helps women know how to save from small amounts of money to create a habit of saving and accumulating for the future. TYM customers can save small amounts from 5,000 VND/week or more with flexible and convenient deposit and withdrawal procedures, to use for many future plans such as tuition fees for children, buying supplies and means for children to study, or supporting capital for family business, etc.

One of the outstanding activities of TYM - Do Luong Branch, Nghe An in recent years is the implementation of community support activities, contributing to ensuring social security in localities where the branch operates. Every year, the branch organizes specialized training courses for customers, inviting experts and experienced lecturers to convey practical and useful topics such as: Gender and business; Financial education; Safe vegetable growing techniques...

The branch has organized many times for customers to visit typical economic models in the province. From there, it helps many customers have the opportunity to learn good economic models to apply at home. To help customers access medical services and take care of their health, each year the branch organizes health check-ups and gives free medicine to more than 300 people.

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TYM - Do Luong Branch with the program "Godmother".

An indispensable activity is to create a useful playground, encouraging women to participate in order to improve their health, helping them to be happier and more optimistic. Every year, TYM - Do Luong Branch, Nghe An always coordinates with Women's Unions at all levels to organize cultural, artistic and sports events that attract a large number of customers, women members and the community to participate.

In addition to the above activities, TYM - Do Luong Branch, Nghe An annually carries out many community and charity activities such as: The branch has sponsored the construction of "Warm House of Love" for 9 poor customers worth 40 million VND/house; presented 600 gifts to families in especially difficult circumstances on the occasion of Lunar New Year, Christmas, War Invalids and Martyrs Day; sponsored 200 scholarships for children of poor customers with high academic achievements to pay tuition fees through the program "TYM with you to help you fulfill your dreams".

In addition to supporting customers and their families, TYM also cares about the community in the area where TYM operates. To date, the branch has supported 12 “New Rural” projects for schools and health stations, helping localities build “advanced new rural areas”, contributing to improving people’s welfare, joining hands with localities, caring for and protecting community health.

On the 17-year journey of persistently working to eliminate hunger and reduce poverty for women, TYM - Do Luong Branch, Nghe An has always received recognition and attention from local government leaders. Especially in 2024, on the land assigned by the local government, the branch has a spacious and clean office, thereby creating conditions for open and sustainable development of activities in the province.

Throughout the journey of accompanying women, witnessing the daily changes in their lives, the joy when they develop their economy, have a stable income, work hard, become the masters of their family economic model and create many jobs for the people, TYM increasingly believes in the values ​​conveyed through TYM's activities that have been and are continuing to promote and spread.

Tinh Thuong Microfinance Limited Liability Company (TYM) is the first official microfinance organization licensed to operate by the State Bank of Vietnam.

TYM was established by the Vietnam Women's Union in 1992 to carry out the task of hunger eradication, poverty reduction and some common goals of the Union. As of the end of August 2024, TYM was present in 13 provinces/cities with 22 branches, the number of customers reached more than 209,000 people, and the total outstanding credit reached more than 2,500 billion VND.

In Nghe An province alone, TYM has 5 branches in 1 Vinh city and 13 districts/towns, with more than 57,100 customers, outstanding credit balance of more than 614 billion VND, accounting for 25% of total outstanding credit balance of TYM, with a repayment rate of 100%.

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TYM – Do Luong Branch (Nghe An): Milestones in supporting women's comprehensive development
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