Currently, the method of lending according to credit limits is becoming more and more popular. This type of loan helps customers to withdraw capital flexibly and quickly, increasing their initiative in managing business capital. Grasping this trend, Tinh Thuong Microfinance Limited Liability Company (TYM) has researched and deployed the capital limit product since November 2024.
From practical needs
Ms. Vu Thi Van (Dien Bich Commune, Dien Chau District, Nghe An Province) joined TYM in 2010. The annual capital from TYM has helped her have money to trade seafood. She shared that thanks to the capital, her family's economy has improved significantly over the years. Since 2022, when TYM started piloting the loan limit in Dien Chau, she realized that this capital product had many advantages, so she immediately registered.
“When I heard the TYM staff introduce this type of capital without a limit on the number of loans like the current lending policy (maximum of two loans at a time) and the repayment period is more flexible, I found it very suitable. I boldly borrowed the maximum amount of capital limit from TYM so that my family could start to shift to larger businesses. Thanks to that, the economy has also improved compared to before,” said Ms. Van.
Since having capital, Ms. Van's family has switched to larger business.
According to Ms. Van, each loan is up to 50 million VND, the procedure is simple, no mortgage is required, after signing the contract, you will have the money 1 week later. Regarding the form of payment, it will be divided into small installments. Every 4 weeks, Ms. Van will repay TYM a portion of the principal and interest. At the end of the loan term, Ms. Van has completed the payment and can continue to borrow again without having to do as many documents and procedures as before.
From 2022 to December 2024, Ms. Van was able to withdraw her capital limit 3 times (totaling 150 million VND). She used this money for seafood trading and business.
Ms. Dao Thi Hong, Dien Thanh commune (Dien Chau district, Nghe An province) has received 5 times of loan capital disbursement since the beginning of 2023. Ms. Hong said that she and her husband have been renting scaffolding and construction materials for many years. However, due to limited capital, her business model is only small and does not bring in high profits.
In 2023, her family started borrowing capital from TYM with an amount of 50 million VND. With this money, she and her husband invested in buying more construction equipment for rent, since then the family's income has increased significantly.
“Those who rent scaffolding like my family will know that every short period of time, we have to buy new, buy additional or maintain scaffolding to ensure quality and safety when renting. Because I often have to borrow money to have a source of business liquidity, I feel very hesitant every time I have to do the procedures and documents for a loan. However, since TYM implemented this capital limit, the procedures have become simpler and saved me a lot of time,” said Ms. Hong.
Expanding the loan limit model for the entire TYM
After a pilot period, in November 2024, TYM officially deployed the loan limit throughout TYM and received many positive results.
Nam Dinh City is considered by TYM to be one of the potential locations for this new type of capital because customers here mainly have small production and business models but need regular and continuous working capital. Ms. Tran Thu Huong (Tran Hung Dao Ward, Nam Dinh City) is one of more than 100 first customers of TYM - Nam Dinh City Branch who registered for a new loan right after the branch was launched in November 2024. "I like this capital because the mechanism is that I can borrow more whenever needed. In the future, if I need additional working capital, I will definitely contact TYM staff to borrow more."
Since November 2024, TYM has officially deployed limited loans throughout TYM and received many positive results.
Ms. Ngo Thi Nga, Director of TYM branch - Nam Dinh city, said that the difference of the loan limit is that customers can withdraw capital when necessary within the approved limit, without having to borrow the entire amount from the beginning. In addition, customers only have to pay interest on the actual amount withdrawn instead of the entire limit. This helps save costs, especially for customers who do not need to use the entire loan amount immediately.
TYM's loan procedures are also very quick and easy. Once the limit has been approved, customers can quickly withdraw capital without having to re-apply for a loan from the beginning (only need to sign a credit contract for the entire credit limit granted for a long period of time - up to a maximum of 3 years), saving time and effort. Flexible loan terms, this product often allows customers to borrow for a long period of time (up to 36 months), creating conditions for customers to effectively rotate capital and develop a stable business. Customers can borrow capital at any time, as long as the disbursement time is within the approved credit limit.
TYM – Nam Dinh City Branch is also a pioneer in using digital technology in TYM’s operations by signing a non-cash payment agreement with a commercial bank branch. Thanks to that, refunding customers has become much simpler as all transactions are performed automatically, accurately and promptly. Many customers highly appreciate these new policy changes of TYM.
Up to now, TYM has disbursed nearly 33.5 billion VND, equivalent to 884 times of disbursement of capital limits for women. Capital limits are a new step in TYM's credit activities, aiming to provide flexible and most suitable financial solutions for each individual customer. In 2025, TYM has planned to prepare good capital sources so that more and more women can access and benefit from this type of loan.
Source: https://pnvnweb.dev.cnnd.vn/von-vay-han-muc-giai-phap-linh-hoat-tu-tym-20250105133255812.htm
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