Gadaa Bank is established to contribute towards economic empowerment and holistic transformation of the low & medium-income section of the population in the country. The founding members made an intensive reflection on the livelihoods of large majority of Ethiopian farmers, pastoralists, young college graduates with entrepreneurial skills and women who do not have access to financial services in general and in particular to loan types that suits their contexts. These has made the establishment of the bank with more than 28,000 shareholders. Founding shareholders deserve appreciation in the establishment of Gadaa Bank.

The founding shareholders meeting has been conducted in August 2021. In this meeting, eleven board of directors composed of appropriate professionals has been elected to lead the bank. The board of directors has also appointed CEO to lead the bank. Accordingly, Gadaa Bank has earned its license on 26th April 2022 to join the Ethiopian banking business.