This post is also available in: Tiếng Việt (Vietnamese)
On June 27, the Women MSME Fintech Innovation Fund announced a list of 10 winners who will pilot their innovative solutions over the next 12 months. Tinh Thuong Microfinance Institution (TYM) was the only representative of Vietnam to reach the top 10.
The United Nations Capital Development Fund (UNCDF) and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) launched the Women MSME FinTech Innovation Fund in March 2019 in partnership with the Australian Government (DFAT), the Dutch development Bank (FMO), and Visa Inc, with the financial support from the Government of Canada provided through Global Affairs Canada.
Through the Women MSME Fintech Innovation Fund, companies were invited to develop digital solutions to improve access to finance for women-owned, managed or led MSMEs in Bangladesh, Cambodia, Fiji, Myanmar, Nepal, Samoa and Viet Nam.
The Women MSME Fintech Innovation Fund was launched to identify and support solutions to overcome the access to finance barriers faced by women-owned, managed or led enterprises in Bangladesh, Cambodia, Fiji, Myanmar, Nepal, Samoa and Viet Nam. The Innovation Fund invited companies to submit a proposal for a project to pilot an innovative solution that would help to meet this challenge which are supply-side, demand-side, enabling environment constraints in their access to finance and gender-specific barriers in access to institutional credit and other financial services, as well as greater vulnerability to the barriers compared with MSMEs owned by men.
For more information, read full announcement here: