Local Money Transfer
As we all known most of the Ethiopian Somali region, did not have legal money transfer service. The regional community were used to carry their money in their pocket with huge risk they were facing. As long time effort, the SMFI enabled to opened local money transfer service throughout the region 1/4/2013. After these services was started, the regional community enabled to use the fast money transfer service, with low price transaction which alleviate them to overcome from the risk they were experienced and eventually booms their business activities as well as the regional economy development. Starting from 1/2/2013 up to date, very large number of the communities benefited from the money transfer service.
Father more, money transfer service among the 42 branches amounts to six million birr daily (6 Million).