Financial Services

With 30 years of experience, TYM knows better than anyone that financial inclusion is intrinsically linked to breaking the poverty cycle. Currently, TYM has over 200.000 clients who is poor, near-poor and low-income women. Whilst credit is our main service we also offer a variety of savings schemes to help women accumulate wealth, better manage their finances and develop their businesses.

Loans

All our loans were originally designed using lending values inspired by Grameen Bank principles and have been adapted to meet Vietnamese women’s. Loans must have features which suit poor and low-income families; collateral-free, repayable in small weekly or monthly installments, simple to access and based on strict credit discipline.

The majority of our Clients & Members take out loans for economic development purposes to run their small farming, livestock, fishery, forestry & trading businesses.  A smaller part of our portfolio borrow to meet consumption and housing needs or invest in their Small and Medium-sized Enterprises (SMEs).  At TYM we recognize that not all households have the same needs, that’s why we have developed short term, medium-term and Micro and Small Entrepreneurs (MSE) loans which are adapted to their diverse circumstances.

We offer the following loans: Economic Development, Policy Loans, Multipurpose Loans, Construction Loan, Loan for disaster risk recovery, and MSE Loans.

Loans range in size according to capital requirements, project prize, economic capacity and the repayment capability of the members. They are classified into two groups (i) microloans, (ii)  MSE loans summarized below:

Micro-loans  (from VND 1- 50 million)
Policy loan	Loan to support near-poor households	Economic development loan	Multi-purpose loan	Housing loan	Loan for disaster risk recovery	Loan supporting members affected by the epidemic	Salary Based Loan
– Poor households according to the Government’s regulations; – Disabled women; -Women with HIV or women whose husband or children with HIV	Near – poor households according to the Government’s regulations;	– Poor households according to the Government’s regulations; – Disabled women; -Women with HIV or women whose husband or children with HIV; – Near – poor households according to the Government’s regulations; – Low-income households (with the average amount of income per person below the average amount of income announced by the Government)	– Poor households according to the Government’s regulations; – Disabled women; -Women with HIV or women whose husband or children with HIV; – Near – poor households according to the Government’s regulations; – Low-income households (with the average amount of income per person below the average amount of income announced by the Government)	– Poor households according to the Government’s regulations; – Disabled women; -Women with HIV or women whose husband or children with HIV; – Near – poor households according to the Government’s regulations; – Low-income households (with the average amount of income per person below the average amount of income announced by the Government)	Clients affected by natural calamities and lost VND 20 million or more or having member in the family died, lost, injured	Members of localities that have been taking measures to prevent and control the Covid-19 epidemic according to Directive 16/CT-TTg or at levels 3 and 4 according to Resolution 128/NQ-CP dated 11/20/ 2021 or higher epidemic prevention measures than Directive 16/CT-TTg/ higher than levels 3 and 4 of Resolution 128/NQ-CP for 14 consecutive days or more. F0, F1 members have been cured of Covid-19 in the areas not covered by the above regulations	Members are civil servants / officers, workers / employees in public administrative offices / businesses
50 weeks for every week repayment loan 24/52/72/100 weeks for every 4 week repayment loan	50 weeks for every week repayment loan 24/52/72/100 weeks for every 4 week repayment loan	50 weeks for every week repayment loan 24/52/72/100 weeks for every 4 week repayment loan	-25/40 weeks for every week repayment loan – 24/52/72/100 weeks for every 4 week repayment loan	70/100 weeks for every week repayment loan 72/100 weeks for every 4 week repayment loan	50 weeks for every week repayment loan 52 weeks for every 4 week repayment loan	25/50 weeks for every week repayment loan 24/52 weeks for every 4 week repayment loan	01-month instalment

Loan documents include:

• Loan application
• Credit assessment table
• Credit agreement
• TYM’s form on the causes of disaster on the member’s family verified by the local government

Savings

Savings are inherently linked to all successful microfinance programs as they permit poor and low-income households to accumulate wealth, develop new savings habits and achieve their goals. TYM provides financial education training and services make it easier for Members* to turn loose change into valuable savings.

Our savings products are:

1. Secure: Client’s money is safe with TYM
2. Adapted: They don’t require large deposits, as little as 20 cents a week (5000 VND)
3. Convenient: Collection takes place close to clients’ homes
4. Simple: Transactions are fast and require minimal paperwork
5. Competitive: We use market-based interest rates

 Check out our savings products in detail

 For individuals

Compulsory savings	Voluntary savings (non-term)	Monthly savings	Term deposits
Exclusively for clients with outstanding loans at TYM	Individuals wishing to save money at TYM	Individuals wishing to save money at TYM	Individuals wishing to save money at TYM
Savings from 0.5% of the loan amount	Based on individual needs	Starting from VND 100,000 per installment	Starting from VND 500,000 per account
Interest rate 0.5%/year	Interest rate 0.2%/year	Interest rate 0.5%/year	1 month  1.7% /p.a 3 months 2.2% /p.a 6 months 3.2% /p.a 8  months 4.5% /p.a 9  months 4,5%/p.a 12 months 4.7% /p.a 13 months 5% /p.a 18 months 5% /p.a

(*)TYM Members are those clients who commit to participate in all of TYM’s services such as loans, savings, family mutual assistance and to follow TYM’s rules and regulations.

 For organization

Term	Interest Rate
1 month	1.5%/p.a
3 months	1.9%/p.a
6 months	2.6%/p.a
12 months	4%/p.a