2024 is the year that Thanh Hoa Microfinance Institution (TCVM) will continuously strive, mobilize maximum resources, and effectively implement the task of expanding its operations in mountainous, remote and isolated areas with the most important goal of bringing loan capital closer to villages and hamlets.
As a financial institution operating with the goal and mission of "for community development", Thanh Hoa Microfinance always cares about and creates every opportunity to improve the quality of life for people, making efforts with Thanh Hoa province to effectively implement the National Target Program on socio-economic development in ethnic minority and mountainous areas for the period 2021-2030, phase I: from 2021 to 2025; The program on socio-economic development in mountainous areas of the province for the period 2021-2025...
In the context of many difficulties and challenges, right from the beginning of 2024, Thanh Hoa Microfinance Organization has synchronously deployed solutions to mobilize resources, expand the area, innovate approaches, lending, management, and capital recovery to suit the specific characteristics of the operating area and customer groups. Regardless of difficulties and hardships, credit officers have overcome rocky roads and dangerous steep passes to reach remote villages. Each trip is a challenging journey, but also filled with faith, hope and determination, bringing meaningful loan packages to each household and each person here.
It is this perseverance and effort that has helped Thanh Hoa Microfinance Bank achieve remarkable results. Currently, the total number of Thanh Hoa Microfinance Bank customers is 56,313 people; the total number of customers participating in loans is 20,000 people, of which 86% of customers are women, 14% of customers are ethnic minorities. The total outstanding loan balance is 496 billion VND.
Thanh Hoa Microfinance Bank provides practical financial services that meet the actual needs of customers who are poor households, low-income households, ethnic minorities, and micro-enterprises. In addition to loans for business activities, customers actively participate in education support loans and home repair loans. Since May 2024, Thanh Hoa Microfinance Bank has expanded its coverage to Tho Xuan and Thuong Xuan districts, helping households here access official, reliable financial services with simple procedures.
One of the most outstanding advantages of Thanh Hoa Microfinance Bank is that the procedures and methods of organizing loans are very simple, flexible and convenient for customers. When participating in loans from Thanh Hoa Microfinance Bank, customers do not have to mortgage assets; the process of consulting, completing documents, procedures for collecting and disbursing capital are all carried out right at the cultural houses of the villages, so it saves time and travel costs while being safe and convenient.
Stemming from concerns about the effectiveness and sustainable value that loans bring to customers, Thanh Hoa Microfinance Organization is not simply a financial service provider, but also deploys and implements many non-financial programs to improve understanding and capacity of personal financial management, operating production facilities and micro-enterprises; improve promotion, marketing and sales skills on digital platforms...
In early 2024, Thanh Hoa Microfinance Organization connected with international partners and sponsors to implement the "Grow My Business" Project to provide free training, provide basic knowledge and management skills in the fields of business and finance, and provide 1-1 consulting support for female students who are owners of small and micro enterprises. This is a project organized by The Asia Foundation (TAF), the Center for Women and Development (CWD), Thanh Hoa Microfinance Organization is the local partner, bringing the project to women in Thanh Hoa. The project is expected to be implemented in 3 years, imparting knowledge to 10,000 students, of which 1,000 students will receive in-depth consulting by financial experts to develop business models. The project was specially implemented by Thanh Hoa Microfinance in rural and mountainous districts to support business households and micro-enterprises to gain more knowledge and skills to expand their online business market and sell on e-commerce platforms. The project includes online and offline courses, which have reached 2,521 people. After attending the course, students gradually apply knowledge of financial management and business market expansion to their business models.
The business efforts of Thanh Hoa Microfinance Organization always go hand in hand with awareness of social responsibility. The organization always actively participates in charity and humanitarian programs launched by all levels and sectors. In particular, it regularly coordinates with the Thanh Hoa Provincial Women's Union to carry out many social security activities. In July 2024, Thanh Hoa Microfinance Organization and the Provincial Women's Union held an inauguration ceremony and presented a house of gratitude to the family of Ms. Bui Thi Nguyet, a Muong ethnic, currently living in Cam Phu commune (Cam Thuy). Ms. Nguyet's family is very poor, with 3 generations living together in a cramped, dilapidated tiled house. She herself has a serious illness but still has to work hard to support her 80-year-old mother and two children to study. Ms. Nguyet's family is extremely happy and grateful to be given a solid house. This is the 15th time Thanh Hoa Microfinance Organization has coordinated with the Provincial Women's Union to present houses of gratitude to poor and especially disadvantaged households in the province. Behind that gift is not only a story of financial support but also a profound humanitarian meaning.
As all rivers flow into the ocean, all efforts and endeavors of Thanh Hoa Microfinance Organization are aimed at the goal of "for community development". General Director of Thanh Hoa Microfinance Organization Nguyen Hai Duong said: In the coming time, Thanh Hoa Microfinance Organization will continue to focus on supporting mountainous areas, coastal areas, and areas affected by climate change. Focus on developing towards enhancing green credit products, creating motivation for businesses and entrepreneurs who are researching, producing, and trading with the goal of contributing to environmental protection and combating climate change. Focus on applying technology to operations, eliminating distance barriers, so that households in remote areas can also access financial services quickly and conveniently, promptly meeting the needs of customers.
Article and photos: Thao Linh
Source: https://baothanhhoa.vn/to-chuc-tcvm-thanh-hoa-no-luc-vi-su-phat-trien-cua-cong-dong-227322.htm
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