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 $1,633,725 $907,187,850
Amount of raised Inactive loans $0 $1,241,575
Number of raised Inactive loans 0 1,229
Amount of Paying Back Loans $647,800 $144,182,325
Number of Paying Back Loans 271 177,966
Amount of Ended Loans $985,925 $761,763,950
Number of Ended Loans 401 949,282
Delinquency Rate 1.38% 8.85%
Amount in Arrears $4,713 $8,447,791
Outstanding Portfolio $342,724 $95,469,515
Number of Loans Delinquent 12 30,621
Default Rate 0.00% 1.36%
Amount of Ended Loans Defaulted $0 $10,392,735
Number of Ended Loans Defaulted 0 29,689
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,145,375
Refund Rate 0.00% 0.64%
Amount of Refunded Loans $0 $5,824,625
Number of Refunded Loans 0 5,887

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 94.33% 75.01%
Average Loan Size $488 $405
Average Individual Loan Size $0 $636
Average Group Loan Size $2,431 $1,795
Average number of borrowers per group 5 7.8
Average GDP per capita (PPP) in local country $5,600 $5,918
Average Loan Size / GDP per capita (PPP) 8.72% 6.84%
Average Time to Fund a Loan 15.55 days 6.97 days
Average Dollars Raised Per Day Per Loan $31.40 $58.07
  Average Loan Term 13.59 months 11.09 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 423 470,703
  Journaling Rate 95.86% 41.78%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.23

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 26.37% PY
  Profitability (return on assets) 2.5% 7.2% 0.15%
  Average Loan Size (% of per capita income) N/A 11.00% 18.21%

Country Fast Facts

Field Partner Staff

Giang Nguyen Hai