News - Events

“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

From 16/04/2012 to 23/04/2012, M7 Microfinance Institution Limited was delighted to welcome a representative delegation of CordAid organization (the traditional donor of M7MFI’s branches from Netherlands). The Delegates of CordAid has congratulated on the receiving of establishment license and worked with staff of M7MFI Head Office to get the detailed information about the organizational structure of M7MFI.On 17/04/2012, The Cordaid delegation had a working visit to Mai Son Fund for Assistance to Ethnic minority Women in Son La province. At here, the delegation had meetings with Director of Mai Son Fund, Head of Supervisory board, Head of Transaction office and visited some households, members of Mai Son Fund. The Delegation also shared some valuable experience with Leaders of Mai Son Fund to gradually complete all necessary processes to make M7MFI to become Microfinance Institution in accordance with international standards in the next time.

On 19/12/2012, M7 Microfinance Institution Limited (M7-MFI) received Business License No 010605004 issued by the Hanoi department of Planning and Investment. Earlier, the Governor of the State Bank of Vietnam has granted permits No. 16a/GP-NHNN on 13/01/2012 on the establishment and operation of the M7-MFI.

Full name in Vietnamese: TỔ CHỨC TÀI CHÍNH VI MÔ TRÁCH NHIỆM HỮU HẠN M7
Full name in English: M7-MICROFINANCE INSTITUTION LIMITED
Abbreviation: M7-MFI
Head Office address: 2nd floor, Lot A9/D5 Cau Giay New Urban area, Dich Vong Hau street, Dich Vong Hau ward, Cau Giay district, Hanoi city.
Telephone:+84(04)373036688; Fax:+84(04) 373036689;
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; Website: www.m7mfi.vn
Establishment and operation license No: 16a/GP-NHNN issued by the State Bank of Vietnam on 13/01/2012.
Business license No 0106051004 issued by the Hanoi Department of Planning and Investment for the first time on 19/12/2012.
Activities are allowed to perform:
(1) Capital mobilizing:
a. Receiving deposits in Vietnamese dong under the following forms:
+ Compulsory savings.
+ Deposit of organizations and individuals including the voluntary deposit of microfinance clients (except for deposit for the purpose of payment).
b. Borrowing loans from credit institutions, financial institutions, other individuals and organizations in domestic and abroad in accordance with the law.
(2) Credit providing: Providing credit in Vietnamese dong in the form of loans.
(3) Account opening: Open deposit account at the State Bank of Vietnam, commercial banks.
(4) Other activities: Entrust and being entrusted for loans; Providing financial advisory services related to the field of microfinance; Providing helping services of collection, payment and transfer money to clients of microfinance; To be an agency to provide insurance services.
Charter Capital: VND 15.545.230.691.
Legal Representative: Nguyen Duc Binh, General Director
Capital contributing members:
(1) Mai Son Fund for Assistance to Ethnic Minority Women: VND 6.723.427.139, accounting for 43% of the charter capital;
(2) Uong Bi Fund for Women Promotion: VND 4.152.919.859, accounting for 27% of the charter capital;
(3) Dong Trieu Fund for Assistance to Women: VND 4.668.883.693, accounting for 30% of the charter capital.

Expected date of inauguration: 12/01/2013.
 

Within the framework of international cooperation activities of M7 Microfinance Institution Limited (M7MFI), in the recent time M7MFI has had working sessions with experts in investment consultancy from Living in Peace Organization ( Japan).From 20/03/2012 until 23/03/2012, at the Head office of M7MFI, there were meetings between office managers with experts from Living in Peace organization. In the framework of the working schedule with M7MFI, on 21/03/2012, the experts also took a survey trip to Dong Trieu Fund for Assistance to Women in Dong Trieu district, Quang Ninh province. At here, the Experts had a meeting with Director, Head of Internal control board, Head of Transaction office, Credit officers and cashiers to capture the processes and Internal control system, monitoring system and evaluation of the borrower (member of the Fund) and the software system…Experts from Living in Peace also took a visit to households as the members of Dong Trieu Fund to evaluate the effectiveness and impacts of loans on their lives. Experts assess the event of receiving the Establishment license of M7MFI is a great opportunity for M7MFI to mobilize more capitals from domestic and foreign organizations        (particularly from Japan). The two sides agreed to conduct regular exchange of information to proceed a

Cooperation agreement in the nearest future.

On March 1st, 2012, The State Bank of Vietnam awarded license for establishment and operation of M7 Microfinance Institution Limited (M7MFI).

In the morning of October 1st, 2012, the Board of Directors of M7-MFI had a meeting to welcome and work with the delegation of Rabo-Bank (Netherlands) at the Head office of M7-MFI.

RaboBank is one of the leading commercial banks of the Netherlands with area of activities covering from Europe, Asia to North America and South America. Currently, RaboBank has presented in 637 locations in 48 different countries around the world. Rabo-Bank is one of the biggest partners of M7-MFI during the years.
The Board of Directors of M7-MFI exchanged and updated on the activities of M7-MFI duiring the last time and action plan in the coming time. Members of RaboBank delegation has appreciated the efforts of M7-MFI and express their great concern on the M7-MFI’s operations.
M7-MFI is one of the two first organizations M7- MFI in Vietnam liscensed for establishment, thus it is difficult to avoid difficulties.However, RaboBank still believes that with the commitment of all leaders and staff of M7-MFI and with the cooperation and support of RaboBank in the coming time, M7-MFI will grow further. Thus, synonymously with the mission of M7-MFI to support the poor women, low-in come households and ethnic minorities people will be made in a full and complete way.
The meeting ended in an open and friendly atmosphere.