Customer Stories

GIMO x T&C Garment – Bettering workers’ lives with financial welfare

  • 12 October, 2022
  • Posted by: GIMO TEAM

Introduction

T&C Garment Company Limited is one of the most prominent garment enterprises in Nam Dinh province, exporting to demanding markets such as the US, Europe, Korea, and Japan. Founded in 2012, T&C Garment has made steady progress, affirming the brand’s industry reputation [1].   

Embracing a people-centric culture, Mr Trung Nguyen – CEO, was looking for a financial wellness program that helps the workforce with their financial struggles. Since 2021, T&C Garment has joined hands with GIMO – a leading on-demand pay solution provider in Vietnam- hoping to better their staff’s financial lives.  

The Challenge: Unexpected expenses don’t wait for payday  

Unexpected expenses can come out anytime in the month, and being paid once a month can leave employees feeling financially vulnerable. In such times of financial distress, workers would have to withdraw their savings or even get tangled in predatory financial services, said Mr Trung. 

T&C Garment looks to make life a little easier for their workers. Enter on-demand pay.  

The Solution: Get paid on-demand  

Partnering with GIMO, T&C Garment offers their employees anytime, anywhere access to accrued wages to relieve the financial stress they sometimes encounter due to unplanned expenses between paychecks.   

GIMO worked closely with the company to organize a series of workshops to ensure all employees clearly understand the new financial welfare program.  

Partnering with GIMO, T&C Garment offers their employees anytime, anywhere access to accrued wages to relieve the financial stress they sometimes encounter due to unplanned expenses between paychecks.   

The Results

GIMO takes the financial burden off workers’ shoulder

63% of surveyed workers turn to on-demand pay for living expenses such as house rent, utility bills, and child’s tuition fees. 

A T&C Garment worker shared, “Now that I have GIMO, my child’s unexpected school fee was quickly and easily handled. I wouldn’t have to borrow from others anymore.”  

80% of the workers surveyed said that on-demand pay reduces their financial anxiety.  

Workers can unlock a portion of their earnings anytime, anywhere, with only a few touches on GIMO’s mobile app. On-demand pay hence reckons a practical solution to helping employees cope with unease over finances when payday is far away. 

T&C Garment benefits from a more engaged and healthier workforce

Nearly 100% of the employees participating in the survey claimed they were happier working with the company.   

It’s truly a win-win situation for both the employer and their employees. The financial wellness program makes a visible difference to the workforce. More engagement, more positivity, and more focus are all present.  

61% of the surveyed workers have stopped using informal financial services since receiving on-demand pay.  

According to T&C Garment, some of their employees relied on usury loans as a band-aid solution before GIMO’s on-demand pay program was applied. The situation caused them to suffer dreadful financial and mental consequences.   

By unlocking the set-in-stone pay cycles, GIMO provides T&C Garment’s workers with a safe and responsible rainy-day fund to rely on in times of need: “Thanks to GIMO, I can receive my salary in just a few minutes with no need to borrow” – A worker at Garment T&C shared.   

Through their partnership with GIMO, T&C Garment has granted their staff greater power over pay and a responsible alternative to borrowing or even predatory lending for expenses between paychecks, thus nurturing a more financially resilient and engaged workforce.  

Insights
Discover our latest news, learn new things and read customer success stories

GIMO x T&C Garment – Bettering workers’ lives with financial welfare

  • 12 Oct, 2022
  • Customer Stories

Introduction T&C Garment Company Limited is one of the most prominent garment enterprises in Nam Dinh province, exporting to demanding markets such as the US, Europe, Korea, and Japan. Founded in 2012, T&C Garment has made steady progress, affirming the brand’s industry reputation [1].    Embracing a people-centric culture, Mr Trung Nguyen – CEO, was looking […]

How to end the reign of predatory lending?

  • 13 Sep, 2022
  • Home

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

  • 01 Aug, 2022
  • Newsroom

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 […]

Stay in the know

Subscribe to get our latest featured stories