… Upgrading Life
We are pleased to share the inspiring story of our microfinance institution, established on June 8, 2022. Our journey began with a simple yet powerful vision - to empower underserved communities by providing them access to financial services that were previously unavailable to them. We firmly believe that access to finance is a critical component of poverty eradication and sustainable economic development. With this vision in mind, we embarked on a mission to establish a microfinance institution that could serve these communities effectively. We assembled a team of experienced and dedicated professionals from diverse backgrounds, who shared our vision and were committed to making it a reality. Over several months of hard work and dedication, we developed a comprehensive strategy that would enable us to achieve our mission. We identified the specific needs and requirements of our target communities and designed our products and services accordingly. We also focused on building strong partnerships with local organizations and communities to ensure that our solutions were tailored to their unique needs. With the necessary capital and infrastructure in place, we launched our operations on June 8, 2022. Since then, we have helped countless individuals and small businesses to access the funds they need to build better futures for themselves and their families. We continue to work tirelessly towards achieving our goal of eradicating poverty and promoting sustainable economic development in our community. We are proud to be making a positive impact on the lives of those we serve, and we remain committed to expanding our outreach and impact in the years to come. Thank you for joining us on this journey towards a brighter future.
Elsabi Microfinance Institution Share Company (EMFISC) is incorporated as a company limited by shares and given a license by the National Bank of Ethiopia to operate as an MFI on June 8, 2022, with a mission to provide effective and efficient financial and related service to the unbanked micro and small enterprises, farmers with a focus on women and youth in urban and rural settings using state of the art technology and qualified and motivated staff in socially responsible ways. ELSABI Microfinance Institution S.C. is an initiative of visionary Ethiopian nationals with solid entrepreneurial and private sector experience. The promoters desire to make use of this business opportunity and contribute their part in improving existing microfinance service provision on the one hand and augment the country’s economic development and employment creation. The envisioned institution is destined to be the leading financial service provider, particularly to the unbanked segment of society, in particular, using state-of-the-art technologies. In addition, the promoters already secured the consent of emerging professionals in the field of information technology to be shareholders and conceptualize advanced microfinance service provision by developing cutting-edge ELSABI technology.
Financing Small Businesses. The role of our institution is to provide small loans to low-income earners, the creation of employment opportunities, and capacity building to borrowers by offering different skills such as the use of loans, entrepreneurship, and managerial skills.
The overall objective of ELSABI Microfinance Institution S.C is to contribute towards the economic advancement and transformation of the country by providing appropriate financial services to small business entities, low-income individuals, and families in the general public.
At our microfinance institution, we place great emphasis on having a strong and effective institutional governance framework that ensures the highest standards of accountability, transparency, and ethical behavior. Our governance framework comprises a set of policies, procedures, and practices that guide our decision-making processes and enable us to achieve our mission and objectives in a responsible and sustainable manner. Our governance structure includes a board of directors, management team, and various committees that are responsible for overseeing various aspects of our operations. We also have internal audit and risk management functions that ensure that our operations are compliant with regulations and best practices. We believe that our governance framework is critical to our success and reflects our commitment to the principles of good corporate governance.
Our newly established microfinance institution, MicroDreams, is driven by a powerful corporate philosophy that guides its activities and operations. At the heart of MicroDreams' ethos is the belief that every individual, regardless of their socioeconomic status, deserves access to financial services that can help them unlock their potential and achieve their goals. With this in mind, MicroDreams has adopted a customer-centric approach, placing the needs and aspirations of its clients at the forefront of its business. Additionally, MicroDreams recognizes the importance of transparency, and it is committed to ensuring that its operations are conducted in an ethical and accountable manner. Ultimately, MicroDreams is dedicated to empowering underserved communities by providing financial tools that can help them improve their lives, support their businesses, and create a brighter future for themselves and their families.
As a microfinance, we recognize the importance of nurturing strong partnerships in order to achieve our mission of providing financial services to underserved communities with in the country. That's why we are proud to work with a diverse group of partners including Elauto engineering, Elnet technologies, Taxiye, Elgojo, Elnet foundation etc. These partners all share our commitment to empowering people by providing them with the financial tools and resources they need to succeed. Our partnerships are built on mutual respect and collaboration, and we work closely with our partners to develop tailored solutions that meet the unique needs of local communities. By working together with our partners, MicroDreams is able to extend our reach and impact, and help even more individuals and families achieve financial stability and independence.
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Global Finance 2020
To provide effective and efficient financial and related service to the unbanked micro and small enterprises, farmers with a focus on women and youth in urban and rural settings using state-of-the-art technology and qualified and motivated staff in socially responsible ways.
ELSABI is destined to be the leading financial service provider to the unbanked segment of society using state-of-the-art technologies in Africa.
The overall objective of ELSABI Microfinance Institution S.C is to contribute towards the economic advancement and transformation of the country by providing appropriate financial services to small business entities, low-income individuals, and families in the general public.
The overall objective of ELSABI Microfinance Institution S.C is to contribute towards the economic advancement and transformation of the country by providing appropriate financial services to small business entities, low-income individuals, and families in the general public.
Financing Small Businesses. The role of our institution is to provide small loans to low-income earners, the creation of employment opportunities, and capacity building to borrowers by offering different skills such as the use of loans, entrepreneurship, and managerial skills.
As a microfinance, we recognize the importance of nurturing strong partnerships in order to achieve our mission of providing financial services to underserved communities with in the country. That’s why we are proud to work with a diverse group of partners including Elauto engineering, Elnet technologies, Taxiye, Elgojo, Elnet foundation etc. These partners all share our commitment to empowering people by providing them with the financial tools and resources they need to succeed. Our partnerships are built on mutual respect and collaboration, and we work closely with our partners to develop tailored solutions that meet the unique needs of local communities. By working together with our partners, MicroDreams is able to extend our reach and impact, and help even more individuals and families achieve financial stability and independence.
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To provide effective and efficient financial and related services to the unbanked micro and small enterprises, farmers with a focus on women
