Since we opened our doors in 1992 Vietnam has made remarkable market led economic growth lifting approximately 30 million people above the official poverty line. We are proud to have supported 130.000 Vietnamese women to rise against poverty over the last two decades. Despite these rapid advances in overall human development, disparity between the rich and the poor has increased significantly. Today ethnic minorities, small-scale farmers, women and migrant workers are more likely to live in poverty and suffer from discrimination. Whilst TYM is proud to have contributed to the overall poverty reduction, we remain more determined than ever to improve quality of life for marginalized and disadvantaged women and enhance their role in society.
From coastal Nghe An in Central Vietnam to mountainous Thai Nguyen in Northern Vietnam we are present in 12 provinces allowing us to serve approximately 140.000 clients living in 61 districts. To be as close as possible to our clients we can be found in 514 communes. Our team reaches women living in peri-urban centres and remote areas via 3.285 Centers scattered across the country. We plan to expand into new districts and provinces in 2018.
The benefit of our financial and social services has been felt by more than 267.000 women. The outstanding loan portfolio is valued at over VND 11,000 billion. Over 1 million loans. The repayment rate is 99.99%. We have mobilised more than VND 700 billion from small savings.
The benefit of our financial and social services has been felt by more than 267.000 women in the following areas:
Health: As women’s livelihoods have stabilised thanks to financial inclusion so too has their quality of life and overall well-being. TYM has provided 26.000 health checks to members and has also provided training on women’s health, sanitation and hygiene.
Capacity building: Since 1992 we have run 92.000 training sessions designed specifically for women. From literacy to business development training these workshops, classes and field trips have encouraged women to learn new skills.
Social: The women who participate in our programs have developed new communication and leadership skills. We are proud of our 15,400 members who currently hold leadership positions in Party agencies, local governments, and in the Vietnam Women’s Union.
Education: Our scholarship programs have supported 1.000 children from low-income families with opportunities to study at college.
Economic: We have helped more than 120,000 women to successfully escape poverty and 7,000 women to become micro-entrepreneurs. Our training in financial education, business management and entrepreneurship.
Housing: We have mobilised funds to support vulnerable women by providing 100 houses to women in need.
Community: TYM has led 120 community projects aimed at improving infrastructure, health and education in the communities where we work.