The Citi Microentrepreneurship Awards (CMA) program is a signature initiative of the Citi Foundation aimed at raising awareness about the importance of microentrepreneurship and microfinance in supporting the financial inclusion and economic empowerment of low-income individuals. The CMA spans more than 30 countries and was started in Vietnam in 2007.

 Over the last 11 years, the CMA in Vietnam has recognized the contributions of 453 outstanding microentrepreneurs, 114 credit staff and 67 prominent microfinance institutions in the country.

Representatives of the winning microfinance organizations and microfinance entrepreneurs receiving their awards.

Excellent Microentrepreneur of 2017
 In the recent 2017 CMA award presentation ceremony, 31 microentrepreneurs were recognized.  The key winners in the various categories were:

  • Nguyen Thi Thanh Phuong, recognized for her sustainable and efficient renewal fuel enterprise which has increased her family income and generated jobs for her community

 Microfinance Institutions of 2017

  • Anh Chi Em Program
  • Ninh Phuoc Aid Fund for Women’s Economic Development
  • Tinh Thuong Microfinance Institution
  • Thanh Hoa Microfinance Institution
  • Tien Giang Aid Fund for Women’s Economic Development.

 The 2017 CMA panel of judges included the Vietnam Banks Association Secretary General and State Bank of Vietnam (SBV) former Deputy Governor Nguyen Toan Thang and other senior officials of Vietnamese government and ministries.

 More than 100 microfinance organizations and microfinance entrepreneurs along with representatives of the Vietnamese Government Office, State Bank of Vietnam, Ministry of Finance, Ministry of Investment and Planning, sponsors, international and local non-governmental organizations attended the awards ceremony.

Excellent microentrepreneur Nguyen Thi Thanh Phuong (middle) accepting her award from SBV’s Deputy Head of Banking Supervision Agency Quach Tuong Vi (left) and Huy

The CMA in Vietnam is organized by the Vietnam Microfinance Working Group in partnership with Citi Foundation, Citi Vietnam, State Bank of Vietnam and Vietnam Association of Small and Medium Enterprises.“Citi Foundation and Citi Vietnam are proud to continue to support this important program in Vietnam. With the success of the past 11 years, we look forward to recognizing and supporting more microentrepreneurs in 2018. We hope that the CMA program will raise further awareness on the positive role of microfinance in local economic development, job creation and poverty reduction in Vietnam,” said Vietnam Head of Corporate Affairs Bui Quang Huy.There was also a workshop for the microentrepreneurs and microfinance organizations on technology based business models that support financial inclusion.

Source: Asia Pacific Beats 

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