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 $1,919,175 $950,795,575
Amount of raised Inactive loans $0 $326,700
Number of raised Inactive loans 0 238
Amount of Paying Back Loans $678,900 $143,657,400
Number of Paying Back Loans 267 177,403
Amount of Ended Loans $1,240,275 $806,811,475
Number of Ended Loans 515 1,011,869
Delinquency Rate 0.87% 7.81%
Amount in Arrears $3,474 $7,339,006
Outstanding Portfolio $399,509 $93,952,068
Number of Loans Delinquent 11 18,170
Default Rate 0.10% 1.40%
Amount of Ended Loans Defaulted $1,258 $11,327,296
Number of Ended Loans Defaulted 3 32,592
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $5,912,425
Number of Refunded Loans 0 5,951

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 94.77% 75.25%
Average Loan Size $498 $400
Average Individual Loan Size $0 $632
Average Group Loan Size $2,454 $1,766
Average number of borrowers per group 4.9 7.8
Average GDP per capita (PPP) in local country $5,600 $5,888
Average Loan Size / GDP per capita (PPP) 8.89% 6.79%
Average Time to Fund a Loan 14.92 days 6.93 days
Average Dollars Raised Per Day Per Loan $33.36 $57.66
  Average Loan Term 13.55 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 494 495,157
  Journaling Rate 89.19% 41.51%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.18

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 29% APR 22.00% PY 26.03% PY
  Profitability (return on assets) 2.5% 7.2% -0.81%
  Average Loan Size (% of per capita income) N/A 11.00% 17.16%

Country Fast Facts

Field Partner Staff

Giang Nguyen Hai