M7-MFI is a microfinance institution in Vietnam that is focused on serving poor women and ethnic minorities in the northern part of the country.
 
The organization disburses loans to groups of up to five individuals in local communities. Loans are divided into three general categories, including short-term seasonal loans of six months, short loans of between nine and twelve months, and medium term loans of between 18 and 24 months. Additionally, M7-MFI provides gender education and business consulting services to clients in their homes and at group meetings.
 
A unique lending approach:
 
M7-MFI offers loans for several purposes, including obtaining capital for small businesses, assisting with education and health services, providing environmental protection, and providing access to specific resources for women.
 
In Vietnam, half of ethnic minorities still live under the poverty line. Challenges include gender inequality, family violence, and low education levels. M7-MFI aims to rise above these challenges by providing loans to this disadvantaged group. In­ addition, the organization regularly provides gender education and business consulting services, and builds homes for poor clients. With Kiva’s support, M7-MFI would like to meet existing demands from clients and expand operations.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 11, 2014 Oct 12, 2005
Total Loans $249,950 $618,636,750
Amount of raised Inactive loans $0 $397,900
Number of raised Inactive loans 0 670
Amount of Paying Back Loans $249,950 $124,013,675
Number of Paying Back Loans 79 134,190
Amount of Ended Loans $0 $494,225,175
Number of Ended Loans 0 624,180
Delinquency Rate 0.00% 4.16%
Amount in Arrears $0 $3,358,701
Outstanding Portfolio $206,538 $80,822,065
Number of loanDelinquent 0 15,696
Default Rate 0.00% 1.10%
Amount of Ended Loans Defaulted $0 $5,443,130
Amount of Ended Loans $0 $494,225,175
Number of Ended Loans Defaulted 0 16,936
Currency Exchange Loss Rate 0.00% 0.10%
Amount of Currency Exchange Loss $0 $614,667
Refund Rate 0.00% 0.74%
Amount of Refunded Loans $0 $4,568,100
Number of Refunded Loans 0 5,106

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 95.65% 74.24%
Average Loan Size $667 $419
Average Individual Loan Size $0 $655
Average Group Loan Size $3,164 $1,835
Average number of borrowers per group 4.7 8
Average GDP per capita (PPP) in local country $725 $3,414
Average Loan Size / GDP per capita (PPP) 91.94% 12.27%
Average Time to Fund a Loan 8.57 days 5.76 days
Average Dollars Raised Per Day Per Loan $77.76 $72.67
  Average Loan Term 15.32 months 10.47 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 309,293
  Journaling Rate 0.00% 42.33%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.79

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 24% APR 22.00% PY 33.15% PY
  Profitability (return on assets) 6.6% 7.2% -1.29%
  Average Loan Size (% of per capita income) N/A 11.00% 38.08%

Country Fast Facts

Field Partner Staff

Do Khanh Linh
Giang Nguyen Hai

Kiva Fellow(s)

Vardah Malik