Financial Services

With 28 years of experience, TYM knows better than anyone that financial inclusion is intrinsically linked to breaking the poverty cycle. Our current portfolio is made up of 171,000 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)

 

MSE loan

(from VND 51 to 100 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

 

 Investment loans Loan for job creation

– 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 in areas that have been taking measures to prevent and control the Covid-19 epidemic according to Directive 16/CT-TTg or higher epidemic prevention measures than Directive 16/CT-TTg from 14 consecutive days above.

(The area within 02 months from the time of ending the implementation of Covid-19 prevention measures according to Directive 16/CT-TTg or higher epidemic prevention measures than Directive 16/CT-TTg)

Microenterprises Members (borrowers) that have production or business with at least 03 employees who have labor contract with the member and are not family members of the borrower (husband, child, mother, father, mother-in-law, father-n-law)
Short-term Short-term Short-term Short-term/medium-term Medium-term Short-term Short-term Short-term/medium-term Short term, medium term
50 weeks for every week repayment loan 50 weeks for every week repayment loan 50 weeks for every week repayment loan

-25/40 weeks for every week repayment loan

– 24/52 weeks for every 4 week repayment loan

 

70/100 weeks for every week repayment loan

 

52 weeks for every 4 week repayment loan

Allowed to choose one of these 2 repayment modes:

01-week instalment: loan term of 25 weeks/40 weeks

04-week instalment: loan term of 24 weeks/52 weeks/72 weeks

-25/55/70 weeks for every week repayment loan

– 24/52 weeks for every 4 week repayment loan

– 6/13/18 months for every month repayment loan

01-week instalment, 04-week 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

TYM members TYM members

TYM members

Public savers

 

TYM members

Public savers

 

VND 10,000 (or VND 15,000 or VND 20,000)/week From VND 5,000/week From VND 100,000/week/month From VND 500,000

Interest rate

3.2%/year

Interest rate

0.2%/year

Interest rate

3.0%/year

1 month 3% /p.a
3 months 3.6% /p.a
6 months 4.8% /p.a
9  months 5.5%/p.a
12 months 5.8% /p.a
18 months 5.8% /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 3.5%/p.a
3 months 3.6%/p.a
6 months 4.8%/p.a
12 months 5.8%/p.a