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Exebition

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zemenu Abera
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127 views4 pages

Exebition

Uploaded by

zemenu Abera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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The company Profile

Eshet Microfinance Institution(EMFI) was established in the year 2000 G.c in accordance
with the proclamation number 40/96 and registered again by the amended proclamation
number 626/2009 issued for licensing and supervision of micro financing Institutions in
Ethiopia. The Institution has been secured a business license from the National Bank of
Ethiopia and certificate of registration from both Addis Ababa City Administration and Oromia
Region of Trade Industry and Tourism Bureau. The intial capital was birr 225,000.00.

The establishment of Eshet MFI was initiated by a local NGO, named ERSHA (Enhanced
Rural Self Help Association) that had been providing an integrated rural development program
including saving and credit as one of its core development intervention strategies. Thus,
ERSHA is the main founder of Eshet MFI while some individuals that are willing to support
the development goals of the NGO have been designated to administer the share company.
Thus, at the inception ERSHA and 5 individuals were registered as founding nominal
shareholders. However, currently the number of nominal shareholders has increased to 20
through transfer of shares from the founding shareholders. the paid up capital of Eshet has
increased to Birr 10 (Ten) Million as of June 30, 2022

Vision
Aspiring to be one of the top ten competent and leading MFIs in Ethiopia by the year 2035.

Mission
Provide efficient and transparent financial services to low and medium income group of the
society; mainly MSMEs, Women, youth and small-holder farmers operating in rural and urban
areas to enhance their living status.

Core Value
 Integrity.  Respect  Impartiality
 Accountability  Speedy service  Confidentiality and
 Transparency  Dedication  Professionalism.

TARGETING

Eshet MFI is committed to bring positive change to the well-being of the active poor and less
privileged category of the community. Hence, the institution is primarily focusing on providing
financial services to low income group residing both in rural and urban area. It has special
focuses to serve small holder farmers, women and petty traders. The set-up of the organization,
its culture, policies and procedures have been designed and developed to deliver financial service
to its target groups.
ACTIVITES

 Provision of microcredit to the target clients,


 Accept and manage saving deposits from client and the public,
 Development and provision of other financial products & services like insurance and
others pertinent to clients needs,
 Provide the organizational and other technical supports to clients in the form of training,
advice, etc,
 Conduct relevant studies and researches that contribute to improvement of the institutions
performance
 Undertake other activities customarily carried out by micro financing institutions and
applicable to the law.

Loan Product  Staff salary Loan


 Group Rural Agricultural loan Saving products
 Group Business loan
 Regular Voluntary Saving
 Individual Business loan  Coin Box Saving
 Promic Loan  Special child education Saving
 Employee loan  Time deposit
 Group Solar Energy loan  Voluntary Savings
 Individual Solar Energy loan  Compulsory Saving
 Individual Agricultural loan  Staff Saving

Micro-insurance

Eshet MFI provides life insurance credit services to all of its borrowers except for individual
loan. The prospective borrower shall pay a premium 3% of the loan disbursed upfront. The
insurer shall waive the unsettled portion of the loan balance after authenticating natural death of
the insured against the document submitted to the lending branch by the authorized claimant.
Saving Interest Rate
 Regular Voluntary Saving: 8%
 Coin Box Saving 8%
 Special child education Saving: 10%
 Time deposit: 10 to 14 %
 Voluntary Savings: 8%
 Staff Saving 12%
 Compulsory Saving 7%

Branch detail & Address

No. Region Branch Name Sub city/ Zone City/Town Phone

1 Oromia Ambo Branch West Shewa Ambo 011-236-31-08


2 Oromia Gedo Branch West Shewa Gedo 057-227-00-12
3 Oromia Guder Branch West Shewa Guder 011-282-03-13
4 Oromia Ejaji Branch West Shewa Ejaji 057-550-02-78
5 Oromia Dano Branch West Shewa Sayyo 057-114-00-05
6 Oromia Elfeta Branch West Shewa Bake 011-262-02-54
7 Oromia Jibat Branch West Shewa Shenen 011-239-03-54
8 Oromia Ejersa Lafo Branch West Shewa Olonkomi 011-285-06-39
9 Oromia Woliso Branch South West Shewa Woliso 011-341-10-56
10 Oromia Sebeta Branch Sheger City Sebeta 011-338-06-58
11 Oromia Dawo Branch South West Shewa Busa 011-312-06-40
12 Oromia Dilela Branch South West Shewa Dilela 011-353-00-92
13 Oromia Wonchi Branch South West Shewa Citu 011-316-04-24
14 Oromia Ammaya Branch South West Shewa Gindo 011-315-07-61
15 Oromia Haro Wonchi South West Shewa Haro 011-356-04-20
Branch
16 Oromia Jimma Branch Jimma Jimma 047-111-44-43
17 Addis Mekanisa Branch Nifas Silk Lafto Addis 011-385-43-91
Ababa Ababa
18 Addis Asco Branch Addis Ketema Addis 011-385-43-91
Ababa Ababa
Contact address
Head office Location
Address: Nifesilk Lafto Woreda 02,German Square MEKANA YESUS-GTWTC,
Bulding 3rd floor ,Addis Ababa, Ethiopia
Phone
Tel:+251-11-3206451 +251-11-3206452 +251-11-3206453
Gmail
Email:[email protected]
P.O.Box
Fax:+251-11-3206452 P.O.Box 23923 Code 1000 Addis Ababa, Ethiopia

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