Microfinance helps Vietnam rural women start businesses

Nguyển Thị Luyến (central), owner of a jute bag making establishment in Yên Phong District, Bắc Ninh Province, talks to Germany ambassador to Việt Nam Guido Erpo Hildner (second from left) during his visit to her workshop last week. — Photo Courtesy of TYM

BẮC NINH, July 9 (VietNam News/ANN) — Nguyễn Thị Luyến, 49 years old, of Yên Phong District in the northern province of Bắc Ninh was among first borrowers from Tình thương One Member Limited Liability Microfinance Institution (TYM) in her hometown when the institution opened its branch in 2008.

With a loan of VNĐ4 million (US$172) for 100 weeks, Luyến and her husband opened a jute bag making workshop – a goal that they had had for years but were unable to realise due to a lack of finance.