TYM was established in 1992 by the Vietnam Women’s Union (VWU) in order to implement the Government’s Poverty Alleviation Program. The foundation process wouldn’t have been possible without the invaluable guidance of Dr. Jaime Aristotle B. Alip (at that time Adviser to the United Nations Food and Agriculture Organization), who played a key role in setting up the Tinh Thuong Fund (Affection Fund) using the Grameen Bank model.
Over time TYM has expanded in scope and size thanks to financial and technical assistance from a number of international organizations including the Asia Foundation, CARD, Citi Foundation, CORDAID, Ford Foundation, Grameen Trust, German Savings Banks Foundation, OXFAM, Rabobank Foundation & Whole Planet Foundation.
In 1998, TYM became a separate entity to VWU, and later In 2006, TYM became a “revenue-generating unit” operating for non-profit purposes. Finally, in 2010, we went on to become the first licensed MFI in Vietnam.