Dutch development bank FMO to fund TYM with 10 million
The Dutch entrepreneurial development bank FMO is proposing 10 million financing for Tinh Thuong One Member Limited Liability Microfinance Institution TYM
The Dutch development bank FMO has agreed to provide a $10 million loan to TYM, a prominent microfinance institution in Vietnam. The bank's funding will support TYM's mission to offer financial services to low-income individuals, particularly rural female microentrepreneurs. With a focus on enhancing access to finance for underserved borrowers, the loan aims to improve the lives of poor households, near-poor households, and microenterprises, especially in rural areas.
By providing non-financial services alongside financial products, TYM contributes to promoting financial inclusion and reducing inequalities, aligning with FMO's strategy and the United Nations Sustainable Development Goals.
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