Enhancing TYM Fund to become a professional and stable financial organization

24/05/2007
On 14 March 2007, at VWU’s Head Quarter, VWU signed an Agreement on the project between Vietnam Women’s Union and Saving Banks Foundation for International Cooperation of Germany/Sparkasse Essen Bank (Germany) and CARD (Philippines)

Mme Nguyen Thi Thanh Hoa-Member of Central Committee of Vietnam Communist Party, Vice President of VWU; Mrs. Ho Thi Quy- Affection Fund’s Director; Mr. Niclaus Bergmann; Klaus Remmer; Joerg Teumer representatives of Sparkasse Essen Bank presented at the signing ceremony.

Phase 2 of the project will be implemented from Jan 2007 till Dec 2008 which main purpose is to make Affection Fund to become a professional and stable financial institution, assure that women in rural area are able to approach various financial services, as well as increase women empowerment. Main activities of the project are supporting activities o­n technology and training with total budget of101.500 Euro.


If the project has a fruitful outcome, especially o­n the institutionalization of Affection Fund to become an authorized micro financial organization, Saving Banks Foundation for International Cooperation of Germany/ Sparkassen Saving Bank will consider phase 3 of the project./.

Pham Thuy Linh-Affection Fund
Translated by Int’l Relations Dept

NEWS

Video