TECH was conceptualized in October 2003, when the Founder, Dr. Selvamalar Ayadurai, was engaged as an Entrepreneurship Consultant with UNDP in Sri Lanka. She wrote an award winning paper on the plight of the war affected women in North-East Sri Lanka, which was published in the Journal of Development Entrepreneurship in 2005, in Washington
In February 2004, Dr. Selvamalar Ayadurai registered TECH with the Registrar of Companies as a social organisation, and continued her efforts in Sri Lanka. She adopted the Grameen Model by Professor Muhammad Yunus of Bangladesh, and applied the Micro Credit Financing Scheme with women-headed households in Sri Lanka.
The women were given small loans from a grant secured from UNDP for Income Generation Projects, and they were taught how to initiate small business ventures and make it profitable. They became independent and were empowered to take care of themselves and their families.
In 2008, Dr. Selvamalar Ayadurai, together with a group of four friends, came up with the idea of replicating the Grameen Model in Malaysia.
In May 2009, TECH was registered with the Registrar of Societies (ROS) as a Non Profit, Non Governmental Organisation, with the aim of transforming disadvantaged communities in Malaysia and internationally, through micro credit financing and entrepreneurship development.
In October 2009, UNCHR gave TECH a grant for 4 years between 2009 to 2012 to help transform the livelihoods of 300 women from five refugee communities in Selangor and Wilayah Persekutuan. They included Rohingyas, Bangladeshis, Somalis, Afghans and Sri Lankan Tamils.
TECH established its own Savings and Credit Model called TOM (TECH Outreach Model) to support this program. It is a spin off from Grameen Model to exclude collateral, interest and savings. TECH gave out micro loans to women under the Poorest of the Poor (POP) below poverty line with 0% interest and no collateral.