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How to end the reign of predatory lending?
Struggling with unexpected expenses while formal financial services are not always within reach, many workers must resort to predatory lending. This seemingly quick-and-easy solution can be severely harmful. The workers shared such alarming reality on The 9th+ Hour Gameshow, co-produced by the General Confederation of Labor and Vietnam Television. Loan sharks are preying on […]
A Financial Safeguard for Blue Collar Workers
In 2022, the Vietnam General Confederation of Labor reports that there is a concerning 30 percent of blue-collar workers struggling with financial challenges [1]. Most of those workers remain susceptible to the predatory financial lifebuoy, as they calculate against inflation and insecurities. This reality has triggered fintech companies to step up and empower Vietnamese […]
Infographic: EWA – Why on-demand is in demand
On-demand is in demand. Earned Wage Access (EWA) – or On-demand pay is catching on in Vietnam, initially helping employees enrich their financial lives and employers nurture a healthier workforce.
FinTech startup GIMO hits first close of Series A at $5.1 million
- 14 February, 2023
- Home, Newsroom, Featured Blog
Hanoi, Vietnam – Vietnam’s fintech start-up GIMO today has announced the first close of its Series A funding with a US$5.1 million investment led by TNB Aura. Other investment firms joining the round are returning investors including Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator. GIMO’s latest financing follows a year of […]
Loan sharks prey on vulnerable workers with Lunar New Year just around the corner
- 16 January, 2023
- Home
Unscrupulous lenders could try to cash in on the upcoming Lunar New Year holiday as blue-collar workers cope with the festive spending. Predatory lenders prey on blue-collar workers as the Lunar New Year approaches The 2022 survey of the Vietnam General Confederation of Labor revealed nearly 59% of workers had no savings, 38% were in […]
How to end the reign of predatory lending?
- 13 September, 2022
- Home, Blog
Struggling with unexpected expenses while formal financial services are not always within reach, many workers must resort to predatory lending. This seemingly quick-and-easy solution can be severely harmful. The workers shared such alarming reality on The 9th+ Hour Gameshow, co-produced by the General Confederation of Labor and Vietnam Television. Loan sharks are preying on […]
GIMO accompanies Binh Duong’s workers in the first “The 9th+ Hour” episode
- 1 August, 2022
- Newsroom, Home
Airing on 31st July 2022, “The 9th+ hour” episode centered on the work-life stories of factory workers in Binh Duong province, part of the Southern Key Economic Region in Vietnam. This was the first episode of “The 9th+ hour” show that GIMO co-produced with the General Confederation of Labor and Vietnam Television. Participating in the […]
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