Somali Microfinance Institution S.c
 
 
 
SOMALI MICROFINANCE INSTITUTION S.C.
 
Clients can get interested free service based on the sharia
 
 
 
 
 
 
 
SMFI Team
 
Welcome To Somali Microfinance Institution S.C
 

 
Clients can get interested free service based on the sharia.
 
 
Who We Are
 
Somali Microfinance Institution (SMFI), Ethiopia’s first provider of sharia-compliant Microfinance services, was founded in January 31, 2011 registered by the National Bank of Ethiopia according to proclamation No. 626/2009, December 2011 started operations. It has been 10 years since SMFI began providing financial services to the poor of the region. The Institution has been giving the services by opining 42 branches.
 
 
 
Why Us?
 
  • We give loans to small enterprises, beginner entrepreneurs and small business owners
  • Customers can transfer money.
  • We have a saving system.(free interest)
  • we provide mobile banking.
 
 
 
General Objevtive
 
  • To offer credit and savings services to the active poor both in rural & urban areas
  • To Support self – employment and income generating activities
  • To promote rural and urban micro and small enterprises
  • To improve the culture of savings by the wider public
 
 
 
 
 
 
 
 
 
 
 
Operational Areas
 
In order to reach the target population scattered in the 2nd vast region of the country, SMFI has 42 branches (including Addis Ababa and Dire Dawa) and 40 satellites situated in every zone of the region serving more than half of regional woredas. As regards the hello cash service the coverage is everywhere under mobile service coverage (more than 190 towns).

 
 
 
 
Our Targets
 
 
 
Small Eneterprises
 
 
 
 
Enterpreneurs
 
 
 
 
Small Business Owners
 
 
 
 
Citizens
 
 
 
 
 
Success Stories