Wallet Microfinance

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.

Like every microfinance institution operating in the country, Wallet Microfinance 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.