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 $1,469,125 $874,960,175
Amount of raised Inactive loans $0 $710,400
Number of raised Inactive loans 0 536
Amount of Paying Back Loans $649,300 $136,648,425
Number of Paying Back Loans 284 167,060
Amount of Ended Loans $819,825 $737,601,350
Number of Ended Loans 325 916,439
Delinquency Rate 1.45% 8.46%
Amount in Arrears $4,447 $7,476,165
Outstanding Portfolio $307,495 $88,321,485
Number of Loans Delinquent 8 22,435
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,707,641
Number of Ended Loans Defaulted 0 27,160
Currency Exchange Loss Rate 0.00% 0.44%
Amount of Currency Exchange Loss $0 $3,823,595
Refund Rate 0.00% 0.65%
Amount of Refunded Loans $0 $5,700,625
Number of Refunded Loans 0 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 93.71% 74.90%
Average Loan Size $484 $407
Average Individual Loan Size $0 $640
Average Group Loan Size $2,412 $1,805
Average number of borrowers per group 5 7.8
Average GDP per capita (PPP) in local country $5,600 $5,934
Average Loan Size / GDP per capita (PPP) 8.65% 6.86%
Average Time to Fund a Loan 15.75 days 6.92 days
Average Dollars Raised Per Day Per Loan $30.75 $58.85
  Average Loan Term 13.12 months 11.06 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 336 448,256
  Journaling Rate 92.29% 41.61%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.27

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 26.93% PY
  Profitability (return on assets) 2.5% 7.2% -0.98%
  Average Loan Size (% of per capita income) N/A 11.00% 18.82%

Country Fast Facts

Field Partner Staff

Giang Nguyen Hai