In the context of many difficulties and challenges, Thanh Hoa Microfinance Organization (MFI) has continuously made efforts and promoted the spirit of dynamism and creativity to effectively carry out the task of surveying and expanding the area of operation. Thanh Hoa MFI is currently urgently promoting and preparing conditions to expand the area of operation in Tho Xuan, Thuong Xuan and Nhu Xuan districts.
Thanh Hoa Women's Union worked with women's unions at all levels and representatives of Tho Xuan District People's Committee to agree on the implementation of expanding the area of operation in the locality.
During more than 25 years of operation, based on surveys and assessments of the socio-economic situation as well as people's needs, Thanh Hoa Microfinance Organization found that: In general, poor households, low-income households, ethnic minorities and micro-enterprises... have very few opportunities to access official loan sources. These subjects are very likely to become "prey" and "victims" of black credit, making their already difficult and struggling lives even more miserable.
From that common reality, in recent years, Thanh Hoa Microfinance Organization has promoted its mission and goal of "for community development", promoted its advantages, expanded its area to villages and communes to bring loan capital closer to customers... In particular, the effectiveness of the good implementation of the Coordination Program No. 03/CTPH/HLHPN-TCVM for the period 2022-2024 between Thanh Hoa Microfinance and the Provincial Women's Union in implementing microfinance activities in the province has contributed significantly to the work of hunger eradication, poverty reduction, social security, "for the advancement of women". The coordination program between Thanh Hoa Women's Union and Thanh Hoa Microfinance has truly promoted the strengths and capabilities of each side, creating solidarity and strength in the work of mobilizing female members to actively participate in production, develop family economy, increase income, and improve life.
In particular, the two sides have coordinated to survey and expand the area, creating all conditions for women members, especially poor and low-income women, to access financial and non-financial services. With flexible and transparent operation and management methods, and a "close, friendly and effective" approach, Thanh Hoa Microfinance Bank's loan capital helps them have more motivation, support, confidence to dare to think, dare to do, step by step improve their lives, and build the future. Thanh Hoa Microfinance Bank is currently operating in 19 districts, towns, cities, 228 communes and wards in the province, providing products and services to 54,500 customers, of which more than 20,000 customers participate in borrowing capital.
Continuing the journey of "giving opportunities, opening doors to the future", since the beginning of the year, in the context of many difficulties and challenges, Thanh Hoa Microfinance Organization has focused resources, coordinated well with women's unions at all levels, and local authorities to continuously expand its operating area. It is known that Thanh Hoa Microfinance Organization is currently urgently promoting and preparing well for the conditions to expand its operating area in Tho Xuan, Thuong Xuan, and Nhu Xuan districts.
In these localities, Thanh Hoa Microfinance will deploy many practical and effective financial services, meeting the actual needs of customers who are poor households, low-income households, ethnic minorities, and micro-enterprises. Along with that, many non-financial programs of the organization will be deployed and implemented such as the Project "Growing My Business" with the goal of improving knowledge, business skills, and business administration for female entrepreneurs, small traders, and business households in Tho Xuan, Thuong Xuan, and Nhu Xuan districts. The project is implemented by the Asia Foundation (TAF) and the Center for Women and Development (CWD) for 3 years, expected to impart knowledge to 10,000 students, of which 1,000 students will receive in-depth consultation by financial experts to develop business models. Thanh Hoa Microfinance is a local partner, bringing the project to women in Thanh Hoa.
In the coming time, Thanh Hoa Microfinance Organization will focus on mobilizing resources and increasing charter capital to better meet customers' borrowing needs, so that more poor women, low-income and vulnerable people can access friendly and effective credit services. The organization will open more networks and branches in other provinces, some transaction offices in remote areas, striving to provide services to 70,000 customers across the province in the next 5 years...
Article and photos: Hoang Linh
Source
Comment (0)