Bản tin M7

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In the framework of business trip to Vietnam to study practices and preparing for Loan at Microfinance Development Program – Sub program 02.

In the early90s when Vietnam's economy shifted from the subsidy mechanism to the market mechanism, in the northwest area of Son La province (one of the poorest provinces of Vietnam) has appeared Catimo Coffee trees on barren mountains, this is the kind of crops bring higher economic value and many people around the world love to use.

        Implement the operation plan of Microfinance Institution Limited (M7-MFI) in 2013 on area expansion and increasing operational scale. Although it was very difficult in capital for disbursement (even the existing areas are not able to fulfill the need of loans for members). To ensure the sustainable development in both institution and finance, in August and September, the Brand leaders met and reached a consensus decision to expand area of operation in Trang An commune, under the Transaction office No 05 by loan from Dong Trieu Fund for Assistance to Women.

On August 27^th 2013, M7 Microfinance Institution Limited coordinated with The People Committee of Dien Cong commune to handover 03 charity houses for 03 poor households of the commune. The total value of 03 houses  are VND 590 million, in which Uong Bi branch supported VND 150 million. The rest of the value was contributed by The People Committee of Dien Cong commune by mobilizing people, relatives, businesses in the area contributed  working days and materials. This is a significant work of the branch together with the Uong Bi city contributed in the program “New rural construction” at the region.

“All for the future electric current of the country”, following the call of the Communist party, in 2002, the family of Mrs. Hoang Thi Men and Mr.Ha Dinh Lu with their old parents and 02 young brother and 01 first child left their homeland of Phu Yen to make their home in Yen Son village, Hat Lot commune, Mai Son district to live in.

      Mrs. Bui Thi The, member of cluster No 34 of Transaction office 01 under M7 Microfinance Institution Limited – Uong Bi branch, Quang Ninh, is a disable member with her left hand of congenital malformation. In 1982 she got married with Ha Minh Thanh from Thuy Nguyen district, Hai Phong city. She gave birth to 03 children, but her husband is ill health and her family had faced with difficulties.

Following the success of the opening ceremony of Dong Trieu and Uong Bi branch, at morning on March 05^th 2013, M7 Microfinance Institution Limited (M7-MFI) was pleased to launch the opening ceremony of  M7-MFI- Mai Son branch, Son La (hereafter referred to as the Mai Son branch, Son La). Representatives of agencies and departments in Mai Son district, Son La province, council members of M7-MFI, the Board of Management of M7-MFI ... and especially the presence of representatives of the State Bank in Son La branch also came to congratulate and speak at the ceremony.

At 9 a.m on February 25^th 2013, M7 Microfinance Institution Limited (M7-MFI) was please to organize the Opening ceremony of M7 Microfinance Institution Limited – Uong Bi branch, Quang Ninh (hereinafter referred to as Uong Bi branch, Quang Ninh).  This is considered a worthy result for the tireless efforts of the entire management board and staff of M7-MFI on the way of the to complete the mission proposed. Representatives of agencies and departments in Uong Bi city- Quang Ninh province, council members of M7-MFI, the Board of Management of M7- MFI... and especially the presence of representatives of the State Bank from Quang Ninh branch also came to congratulate and speak at the ceremony.

     At 8 a.m. on Feb 21^st in 2013, M7 Microfinance Institution Limited (M7-MFI) is pleased to organize the opening ceremony of M7 Microfinance Institution Limited – Dong Trieu branch, in Quang Ninh province (hereinafter referred to as the Dong Trieu branch, Quảng Ninh).

This is considered an important event marking a process striving for mastery of the entire Board of Directors and staffs M7-MFI Office from Headquarters to the branch in Dong Trieu, Quang Ninh on its stated mission. The Dong Trieu branch is honored to welcome the representatives, distinguished guests come from the agencies, departments of Dong Trieu  district , the members of the Member council and the Board of Management of M7- MFI, especially the presence of representative of the State Bank from Quang Ninh branch and representatives of  Dong Trieu district Committee  also come to congratulate.

Speaking at the opening ceremony, Mr Ngo Tien Thieu - Vice President of the People Committee of Dong Trieu district had appreciated the contributions of all the affiliated staff in Dong Trieu branch, Quang Ninh (ex-member of the Dong Trieu Fund for Assistance to Women) in the poverty alleviation task districts in the area of Dong Trieu district throughout the years. At the same time, he wants Dong Trieu branch continues to contribute to the process of industrialization and modernization of the Dong Trieu district in order to realize the goal put the district to be town by 2015.

The representative of the State Bank from Quang Ninh branch Mr. Nguyen Duc Hien-Deputy Director cum Chief Inspector has made his speech at the ceremony. Mr. Nguyen Duc Hien greatly appreciate the efforts of the Dong Trieu branch in  Quang Ninh in compliance and improve organization according to the current rules of the State Bank of Vietnam. Mr. Nguyen Duc Hien also expressed the belief that the Dong Trieu branch will increasingly develop further under the leadership of the branch leadership and unity of all affiliated staff.

After the speeches of the heads of departments and agencies is the part of closing the opening ceremony and taking pictures. The opening ceremony ended successfully.

Mr. Nguyen Duc Binh- CEO of M7-MFI stating the opening speech

Mrs Nguyen Thi Soat- Manager of Dong Trieu branch, Quảng Ninh summarizes the results of transformation of Dong Trieu Fund for Assistance to Women from its establishment until now

Mrs Vu Thi Khau – Chairwomen of Member council announced the decision to establish the Dong Trieu branch, Quảng Ninh

Mrs Vu Thi Khau – Chairwomen of Member council giving the decision to establish the Dong Trieu branch, Quảng Ninh

Mr. Ngo Tien Thieu- Vice President of Dong Trieu District People Committee speaking at the opening ceremony

Mr. Nguyen Duc Hien-Deputy Director, Chief Inspector of the State Bank of Quang Ninh branch spoke at the opening ceremony

Leaders of State Bank at Quang Ninh branch, Leaders of Dong Trieu District People Committee, members of  Member Council and key personnel in Dong Trieu branch taking a photo.

The singing show to celebrate the opening ceremony of M7 Microfinance Institution Limited- Dong Trieu branch, Quang Ninh by branch’s staff