Publishing the establishment of M7 Microfinance Institution Limited

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.