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Discover opportunities at Ethiopia's leading financial institutions
Discover opportunities at Ethiopia's leading financial institutions
Wallet Microfinance Institution Share Company was established in accordance with proclamation No. 626/2009 and revised proclamation No. 1164/2019 of Nation Bank of Ethiopia by 12 visionary shareholders, and licensed by Nation Bank of Ethiopia on May 11, 2022 with the purpose of to provide financial and non-financial services to active poor and missing middle income urban and rural societies in order to contribute to development of the Ethiopia economy. Objectives of Wallet MFI Our objective is to provide efficient, cost effective, affordable and modern financial services backed with modern technology to the rural and urban community. Mission Our mission is to provide efficient, cost effective and affordable financial services to the poor and help to uplift them out of poverty Vision Our vision is to become one of the leading Microfinance institutions in East Africa by the year of 2030 Core Value Customers’ satisfaction Professionalism Integrity Team Work Cooperation and Partnership Social Responsibility Goals of Wallet Microfinance institution To provide financial services for urban and rural small and micro enterprises, individual entrepreneurs and startup business operators focusing on gaps for financial services To provide efficient and effective finance support on green energy supply products to the rural and urban population, To become saving led microfinance institution by providing affordable, accessible and convenient financial services for segments of societies, To reach women and youth petty traders and entrepreneurs To become a strong payment, mobile and agent banking service provider in the country Strategic Objectives Maintain stable financial system, Improve stakeholders’ and clients satisfaction, Increase saving mobilization, Ensure availability of adequate credit fund, Strength the efficiency and effectiveness of the operations, Strength internal control system, Improve customer satisfaction, Motivate and retain staff, Apply modern information system to enhance operation of the MFI. Promote the company, Work toward to achieve Wallet MFI to become one of the leading Microfinance institutions in East Africa.
UIB was established to bridge the significant void within the insurance service industry, acting as a liaison between insurance companies and clients seeking quality service. As an intermediary, UIB consistently strives to fulfill clients’ needs and expectations. UIB’s risk management solutions are crafted to streamline your experience and guarantee your financial stability. UIB enables you to adeptly handle risks, whether in personal or professional arenas. This assurance grants you the freedom to concentrate on what is of paramount importance to you be it your business ventures, aspirations, or overall well-being.
The Development Bank of Ethiopia is a specialized financial institution established to promote the national development agenda through development finance and close technical support to viable projects from the priority areas of the government.
Akufada Micro Finance Institution S.C is a share company registered by the National Bank of Ethiopia according to Micro-Financing Business Proclamation No. 626/2009 and (amendment) proclamation No. 1164/2019. Its business license was issued on 01/08/2022 with license number MFI/055/2022 and officially it has been started its operation on October 22/2022. It is established to provide financial and non-financial products to active poor and missing middle income society through affordable loans, savings and micro insurance services in order to contribute its share for the development of the national economy. Akufada Micro Finance institution head office is located in Debre Birhan city administration. Now days, Akufada Microfinance Institution is a rapidly growing financial institution with a strong presence in the country. With a collected deposit of 1.5 billion birr and disbursed loans amounting to 1.3 billion birr as March 31/2024 report, Akufada has demonstrated its commitment to providing financial services to the community. Currently, the paid up capital of the institution has reached 101 million. The institution’s expansion is evident through the establishment of 42 branches which signifies its dedication to reaching and serving a wide customer base. With an impressive customer base of 85,036, Akufada has successfully gained the trust and confidence of a significant number of individuals and businesses. As Akufada Microfinance Institution is currently in the implementation and testing stage of deploying core banking technology, it is evident that the institution is committed to leveraging modern technology to enhance its operations and improve customer service. This strategic move reflects Akufada’s dedication to staying at the forefront of financial innovation. Akufada MFI, one of the newest microfinance institutions in Ethiopia, announced that it is in the final stages of procuring its Core Banking and Digital Banking Systems. The systems will enable the institution to offer a range of products and services to its customers, such as savings, loans, insurance, remittances, mobile banking, and Internet banking. Overall, Akufada Microfinance Institution’s impressive growth, strong customer base, and investment in modern banking technology position it as a significant player in the financial sector, poised for continued success and positive impact on the community.
Liyu Microfinance Institution S.C (LMFI), formerly known as Specialized Financial and Promotional Institution (SFPI) began operations in June 1998, after receiving a business license from the National Bank of Ethiopia (NBE) in November 1997. According to Ethiopian legislation, LMFI was established as a share company and licensed to deliver microfinance services all over the nation. The Institution was founded by five shareholders with paid-up capital of ETB 200,000 and subscribed capitals ETB 800,000 to provide both financial and non-financial services in an effort to combat poverty. Currently, the number of shareholders progressively increased to 11 while the share capital of the company reached 75 million, and the legal reserve now stands at 5.6 million. LMFI began operating in Addis Ababa with 4 fully functional branches and gradually expanded its financial services over 3 regions namely Oromia, Amhara, and Central Ethiopia National Regional States, as well as one city administration, Addis Ababa. LMFI managed to reach 30 branch offices and 14 sub branch offices out of which 10 branch offices are operating in Addis Ababa city administration while 15, 3 and 2 are operating in Oromia, Amhara and Central Ethiopia Regional states, respectively. In terms of sub branches, 11 are in the Amhara national regional states, and the remaining 3 is in Oromia region. Bringing over 26 years of expertise in the microfinance sector, LMFI continues to provide tailored credit to its target market, including Women Entrepreneurs, Small and Medium Enterprises (SMEs), Micro and Small Enterprises (MSEs), smallholders, and other individuals engaged in income generating activities . The institution accepts deposits from the public and while also offering micro insurance services in accordance with National Bank of Ethiopia directives for group guarantee loans.
Hibret Insurance aims to be the best insurer in Ethiopia that is committed to a high standard of excellence.
Awach SACCOS Ltd. is a legally registered and recognized organization in the Federal Democratic Republic of Ethiopia (registration number 147/98), and it was re-registered on October 25, 2021 G.C, by the Federal Cooperative Agency (FCA) with registration number 005/09 to work all over Ethiopia. It is a saving and credit cooperative established on March 22/2007 G.C. in Arada Sub-city by Mr. Zerihun Sheleme, visionary founder and chief executive Officer, with 41 (33 women and 8 men) initial members.
Sheger Finance and Credit Cooperative Society Pvt. Ltd. is a cooperative society established by members of the society who aim to be a strong player in the economic sector regarding the current state of the country's economy, to meet the necessary financial needs as well as to solve the problems of money management and management jointly. The association in 2009 to establish cooperative societies. It was established on March 4, 2013 according to the Decree No. 985/2009 and It is a legally recognized association in Addis Ababa.
Africa Village Microfinance became the very first Microfinance to be transformed by the National Bank of Ethiopia from non-regulated to regulated entity. It was founded in Ethiopia in November 1998 under the NBE proclamation No.40/96. Africa Village Microfinance S.C is member of Association of Ethiopian Microfinance Institution (AEMFI) that provide responsible financial services that enable entrepreneurs and small business owners to invest in their future. With more than 24 years of experience, the AVMF is committed to delivering services that contributes to sustainability and social impact. It allows people specially women to take on reasonable small business loans safely, in a manner that is consistent with ethical lending practices. In general, AVMF provides financial services to low income individuals, groups, cooperatives, and micro and small enterprise (MSE) operators. The objective was to create self-employment opportunities to women to generate income and there by improve their quality of life. As a share Company AVMF is governed by Board of Directors.
Harbu MFI is legally organized as a financial service provider, a tax identification Number 0001886308. Share Company registered by the National Bank of Ethiopia through trade registration number 06/02/11346/97 & trade license by City government of Addis Ababa Trade and Industry Development Bureau by principal Registration No. BL/AA/3/0004631/2006.
Welcome to KefetaMicrofinance, your gateway to financial empowerment and growth! At KefetaMicrofinance, we are dedicated to making a positive impact on individuals and communities by providing accessible and innovative microfinance solutions. Whether you’re an aspiring entrepreneur looking for startup capital, a small business owner seeking to expand, or someone simply striving to achieve your financial goals, KefetaMicrofinance is here to support you on your journey to success. Explore our range of tailored financial services and join us in building a brighter financial future together.
Aggar Micro Finance Share Company (AMFSC) is the first commercial private microfinance licensed in line with NBE regulation on March 18/2004 and started operation in April 2004. It was initiated by few enlightened individuals to address the “missing middle” as often called the MSE’s. The founders envisioned to address both social and profitability objectives. Aggar was established by 443 shareholders with paid up capital of Birr 4,243,600.00. Currently its shareholders grew to more than 830 and its paid up capital is more than 370.4 million.