DSIK Vietnam delegation visited TYM’s branch in Nam Dinh province

DSIK Vietnam together with TYM in the house of a TYM's member

Mr Christian Grajek gave a present to Ms Nguyen Thi Thuy - a TYM member.

June 20, 2022 – In response to the invitation of TYM, one of DSIK’s longtime partners in Vietnam, a delegation from the German Sparkassenstiftung Vietnam had the pleasure to visit TYM’s branch in Nam Dinh, Vietnam.

Within the framework of the visit, the DSIK team had the opportunity to participate in several important activities. To be included are a group meeting where TYM officers collect payments from their members and a training workshop on TYM’s brand new mobile application, which is currently in the stage of the pilot test and scheduled to be officially launched in the latter half of 2022.

Furthermore, the DSIK team had meaningful visits to 2 members of TYM, through which the team had a deeper understanding of the different situations those members are in. Overall, this field trip has helped DSIK gain a more practical understanding of the microfinance activities implemented in rural Vietnam. Both parties were given the chance to exchange experiences to improve the project capacity in the future.

TYM MFI - Tinh Thuong One-member Limited Liability Microfinance Institution was the first Microfinance Institution (MFI) to be licensed in Vietnam. Since being established in 1992 by the Vietnamese Women’s Union (VWU), TYM has supported more than 200.000 low-income women in rural and semi-urban Vietnam with its financial and social services.

DSIK has been working with TYM through the VWU to implement the project of enhancing the microfinance network in Vietnam; in particular, providing financial literacy training and capacity building to their staff, members and clients.

Deutsche Sparkassenstiftung für internationale Kooperation e.V.
Simrockstraße 4, 53113 Bonn

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