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Ethiopia

IMPROVING THE LIVES OF ETHIOPIANS AND THEIR CHILDREN

CHILDREN IN ETHIOPIA ARE THE ONES WHO BENEFIT WHEN THEIR PARENTS INCREASE THEIR INCOME. FINANCIAL SECURITY MEANS THAT MOTHERS AND FATHERS CAN SEND THEIR CHILDREN TO SCHOOL, PAY FOR MEDICINE AND BUY HEALTHY FOOD. WE PROVIDE SMALL LAONS TO HELP ETHIOPIANS IMPROVE THEIR BUSINESSES. OUR MICROFINANCE SERVICES ENABLE THOSE LIVING IN POVERTY TO PROVIDE THE BASIC NEEDS FOR THEIR FAMILIES.

Many of Ethiopia’s poor are industrious, innovative and hard working. They are determined to build a good life for their children. Without access to small loans and other financial services, poor people in Ethiopia are unable to provide for their families. Instead, they survive on the most basic necessities.  Our microfinance services enable people to generate the additional income needed to change their futures.

Since 1998 we have been helping the poor to create financial security through a range
of microfinance services.

Working in Ethiopia

Ethiopia is the second-most populated country in Africa. It is also one of the world’s poorest countries. Its income per capita is US$380. This is much lower than the Sub-Saharan African average of US$1,165.

84% of the population lives in rural areas. There are also more children per family than in other African countries. Large families and remote areas make it difficult for women to feed and educate their children or to find work for themselves.

Only 15% of rural households have access to savings and credit services. Our reliable financial services are making a great contribution to improving rural society.

Awards and Ratings

  • Financial Transparency Award, MIX Market, 2007

  • B Rating, from Microrate

  • Best Performance Award, Green rating from VisionFund International, 2007

Future Innovation

We always strive to introduce new and innovative financial services that are enduring and last for generations. In an effort to meet the needs of our clients and reduce the impact and effects of poverty on local communities, we are engaged in the following projects:

  • Rural Saving Ethiopia - a project that aims to open 250,000 savings accounts in rural areas of Ethiopia.
  • Micro-banking - a broader microfinance service that enables us to subsidize the costs of smaller loans.
  • For Every Child Campaign – World Vision’s five year fundraising initiative to support economic development.

Client Success Story

Adina is a mother of two living in rural Ethiopia. She was struggling to care for her family. Both of her children didn't have enough food to eat and Adina could not afford to send them to school.

A small loan to Adina changed her life. Her business has profited and she can now offer her children a bright and hopeful future.

Management Details

MFI Structure

Worku Tsega ThumbnailWorku Tsega joined our MFI in June 1998. Prior to this, he served in various managerial roles in Government, business and NGOs, including World Vision Ethiopia.

Our MFI in Ethiopia is established in accordance with the legal requirement for microfinance institutions in Ethiopia. We have a board of directors and management team that oversees the work of the MFI.


 

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