MSME Finance Projects Strengthening internal audit systems of a Vietnam-based microfinance institution

Projects

  • Strengthening internal audit systems of a Vietnam-based microfinance institution

    In 2015, MicroSave, along with Vietnam-based consulting firm VietED, was commissioned to support Tinh Thuong (TYM), a microfinance institution in Vietnam, to strengthen the credit underwriting and internal audit systems of their MSE products. Specifically, the team is working to:
     

    • Develop strong credit underwriting policies and procedures, and a trainers’ toolkit for capability building of staff members to implement these refined policies
    • Design a credit scoring tool for TYM, in order to improve efficiency and reduce subjectivity in the underwriting process
    • Develop their internal audit manual, processes and tools for early detection, and reporting of different types of risks
    • Form an audit committee with a clearly defined structure, individual roles and responsibilities, and a reporting framework for the same
    • Conduct training of staff members involved in internal audit to ensure effectiveness of proposed risk management approach
     

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