CMA 2017 – recognizing TYM and its members


TYM was recognized as “the outstanding MFI implementing the principals of client protection”

Under the 2017 Citi-Vietnam Micro entrepreneurship awards (CMA 2017), TYM was honored to be the recipient of both outstanding MFI and client awards.

In the morning of 15/12/2017, the CMA 2017 celebration took place in Hanoi. This is a global annual event organized by the Advisory Centre for Microfinance Resources for Small and Medium Microfinance Enterprises (formerly Vietnam Microfinance Working group – VMWG), with the support of the State Bank of Vietnam. The event is sponsored by the Citi Foundation/Citi Bank Vietnam to recognize microfinance clients and organizations that have made outstanding contributions to the development of the microfinance sector in Vietnam, and to the hunger elimination and poverty reduction.

Under the organizational award category, it is TYM’s honor to be recognized as the “outstanding microfinance institution implementing the principles of client protection”. This is one of the most important factors for a MFI to pursue its poverty reduction mission. TYM has applied the seven customer principles of Smart Campaign for years. So far TYM has developed a standard training program on customer protection and made this as an annual mandatory topic for all staff.

Under the individual award category, two members of TYM was also honored as outstanding micro-entrepreneurs. Especially, Ms. Nguyen Thi Thanh Phuong – member of TYM’s Song Cong branch, Thai Nguyen province was recognized as “the best micro-entrepreneur of CMA 2017” (selected among 30 outstanding microfinance clients in 2017) with the model of producing sawdust pellets (a form of renewable and environmentally friendly energy). Ms. Nguyen Thi Hue – member of TYM’s Hai Hau Branch, Nam Dinh province was also selected as one of 30 outstanding microfinance clients of CMA 2017 with the clean mushroom cultivation model.

Ô Mr. Bui Quang Huy, representative of the Citi Foundation/Citi Bank Vietnam presenting the “best micro-entrepreneur of CMA 2017” award for Ms. Nguyen Thi Thanh Phuong (in blue long-dress)
Ms. Nguyen Thi Hue (in pink long-dress) with the clean mushroom cultivation model was recognized as “outstanding micro-entrepreneur” under CMA 2017
To date, TYM has won 10 awards including “Outstanding MFI of the Year” (8 times), “Outstanding MFI Pro-poor Focus” (2014) and “Outstanding MFI implementing the principals of client protection” (2017).
18 credit officers have been recognized as the Excellent Credit Officers of the year.
89 TYM’s members have been awarded the title of “Outstanding Microfinance Client”. Particularly, in 2011, TYM nominated one of its members, Ms. Duong Thi Tuyet, Y Yen branch, Nam Dinh province for the Global Micro-Entrepreneur Award organized by Planet Finance. Ms. Tuyet was selected as one of the 6 outstanding micro-entrepreneur globally in 2011.

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