About
AKUFADA Micro finance institution S.C. at a glance
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.
Like every microfinance institution operating in the country, AKUFADA Micro finance institution S.C. is licensed and supervised by the National Bank of Ethiopia (NBE), which sets prudential rules around capital adequacy, reserves, interest-rate guidance, foreign-exchange allocation, and consumer protection.
Products and services
What AKUFADA Micro finance institution S.C. typically offers
Specific terms, rates, and eligibility change frequently; the authoritative source is the bank's official website. These categories are common across Ethiopian commercial banks:
Personal banking
Savings, fixed deposit, current accounts, ATM and debit cards, mobile and internet banking.
Business and SME
Working capital loans, trade finance, business accounts, cash management.
Corporate and treasury
Project finance, syndicated lending, foreign exchange, treasury services.
Diaspora banking
Foreign currency accounts, remittance services, diaspora mortgage and auto loans.
Digital channels
Mobile banking app, USSD services, internet banking, agent banking network.
Interest-free banking
Where offered: Mudaraba and Wadi’ah accounts, Murabaha financing for Shari’ah-compliant customers.
Careers
Working at AKUFADA Micro finance institution S.C.
AKUFADA Micro finance institution S.C. recruits across a standard set of cadres common to Ethiopian microfinance institutions. Most vacancies require a Bachelor's degree in a relevant field (banking, accounting, finance, economics, management, IT, or law). New graduates typically enter through trainee or junior officer roles based in a branch; mid-career hires apply for officer, specialist, or branch-management positions. The requirements in the table below reflect typical vacancy notices published by CBE, Awash Bank, and Dashen Bank between 2023 and 2025.
| Role | Typical requirement | Entry path |
|---|---|---|
| Banking Trainee | BA, fresh graduate, GPA ≥ 2.5 | Direct application |
| Customer Service Officer | BA + 0 to 1 yr experience | Branch posting |
| Junior / Associate Officer | BA + 1 to 2 yrs | Internal or external |
| Senior Officer | BA + 4+ yrs | Promotion / lateral |
| Branch Manager | BA + 6 to 8 yrs, leadership | Promotion |
| Credit / Risk Officer | BA finance + experience | Specialist hire |
| IT Officer | BSc CS or IT + experience | Specialist hire |
| Internal Auditor | BA accounting + CA or ACCA | Specialist hire |
Source: vacancy notices published by Commercial Bank of Ethiopia, Awash Bank, and Dashen Bank, 2023 to 2025.
Salaries combine a basic monthly amount with allowances (transport, housing, position) and an annual bonus tied to bank performance. Specific figures vary by cadre, tenure, and grade. Confirm offers in writing.
How to apply
Five steps from finding the notification to applying
- Step 1Find the active notification on this page's Open positions section, or on the bank's official website.
- Step 2Read the eligibility criteria carefully. Qualification, GPA, age, and experience requirements are enforced strictly.
- Step 3Prepare your CV, scanned credentials (degree, transcript, work experience letters), and a passport photo. Some notifications ask for a brief cover letter.
- Step 4Submit before the deadline through the channel the bank specifies (online portal, walk-in, or designated email).
- Step 5Shortlisted candidates are typically contacted within 2 to 6 weeks for a written exam and / or interview. Keep your phone reachable.
Regulatory context
Supervised by the National Bank of Ethiopia
All microfinance institutions operating in Ethiopia, including AKUFADA Micro finance institution S.C., are licensed and supervised by the National Bank of Ethiopia (NBE), the country's central bank. The NBE sets prudential rules around capital adequacy, reserve requirements, interest-rate guidance, foreign-exchange allocation, and consumer protection. Institution-specific terms (deposit rates, loan rates, account opening requirements) must comply with NBE directives but otherwise vary across institutions.
Open positions
1 vacancy at AKUFADA Micro finance institution S.C.
Sorted by newest first. Click for full eligibility and how to apply.
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AKUFADA Micro finance institution S.C. vs other Ethiopian microfinances
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Frequently asked
Questions about working at AKUFADA Micro finance institution S.C.
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