TYM supports customers to recover after storms and floods

Sharing the difficulties with people and localities in the flood-hit areas, by September 13, 2024, Tinh Thuong Microfinance Organization (TYM) and TYM staff had spent 650 million VND to support people to overcome the consequences of natural disasters, soon stabilize their lives, and restore production and business.

Typhoon Yagi and heavy rains and floods have seriously affected people in the Northern region. TYM said that during the recent storm No. 3 (Typhoon Yagi) and floods, more than 700 families of women members who are TYM customers were directly affected by the storm and floods, with estimated property and economic damage of about 126 billion VND. Notably, one customer in Hai Phong unfortunately passed away due to a wall collapsing on him during the storm.

TYM joins hands with the whole country to share with people and localities in flood-hit areas

Since storm No. 3 was about to make landfall, TYM has promptly directed branches in areas at risk of storms and floods to closely follow the area, make efforts to overcome difficulties, ensure smooth operations, and serve customers' transaction needs.

Immediately after the damage statistics were available, TYM decided to support 450 million VND for customers and localities where TYM activities were affected by storm No. 3. Specifically, TYM supported more than 700 female members who are TYM customers with 500 thousand VND/person and supported 7 educational and medical facilities damaged by storms and floods.

Previously, the TYM Board of Directors visited and shared with the Women's Unions of provinces/cities affected by storm No. 3, and committed to supporting TYM members and customers who suffered losses after the storm.

TYM hỗ trợ khách hàng phục hồi sau bão lũ- Ảnh 1. — TYM General Director Pham Thi Thuy Linh and leaders of Phu Tho Provincial Women's Union presented support to the family of Ms. Nguyen Thi Ninh, Bach Hac ward, Viet Tri city, Phu Tho province.

In particular, on September 10, 2024, representatives of TYM's leadership came to express condolences, encourage and give 2 million VND in support to the family of customer Nguyen Thi Bay (born in 1972) in Chu Vuon village, Kenh Giang commune, Thuy Nguyen district, Hai Phong city. Ms. Bay unfortunately passed away due to a collapsed wall crushing her during storm No. 3.

In addition to joining hands with the Vietnam Women's Union and the entire banking industry to support the Fund for Natural Disaster Prevention and Overcoming at the call of the Central Committee of the Vietnam Fatherland Front, local branches, along with the trade union and youth union, TYM quickly organized many relief activities to areas that were isolated and separated by floods to provide emergency support at the most difficult times such as participating in local relief teams, supporting essential food... The total amount of money mobilized and supported by TYM staff was more than 200 million VND.

TYM hỗ trợ khách hàng phục hồi sau bão lũ- Ảnh 2. — Chairwoman of the Board of Members of TYM Dinh Thi Tuyet Nhung presents support to female members affected by storms and floods in Hai Phong city.

Receiving the encouragement and support from TYM for women members in Hai Phong city, Ms. Vu Thi Kim Lien, President of the Hai Phong City Women's Union, expressed her deep gratitude for TYM's attention to the people here. The leaders of the City Women's Union affirmed that they will continue to create conditions and closely coordinate with TYM in the coming time so that TYM activities in the area will increasingly develop, contributing to supporting women's economic development.

Support to rebuild people's lives after storms and floods

In addition to relief activities and direct support for people and localities affected by storms, from September 10, 2024, TYM will lower the lending interest rate for the Disaster Risk Reduction Support product from 0.14%/week to 0.1%/week and from 0.56%/4 weeks to 0.4%/4 weeks to create timely conditions for women to access loans, restore production and business activities to stabilize their lives.

In addition, TYM has adjusted its lending regulations, allowing customers to have outstanding loans from three sources at the same time, including disaster risk reduction funds. This is also one of the specific and timely solutions that TYM has implemented in accordance with the State Bank of Vietnam's policy to support customers in overcoming the consequences of storm No. 3.

The practical actions of TYM with the support of more than 600 staff in the spirit of sharing and mutual love have been contributing to the authorities and people in the flood-hit areas to reduce difficulties, stabilize their lives and restore production and business activities. In the coming time, TYM will continue to update the situation of flood damage in localities after storms and floods to have appropriate and effective visits, encouragement and support activities.

Some pictures of TYM's support activities: