Welcome To Eshet Microfinance Institution
Vision
Aspiring to be one of the top ten competent and leading MFIs in Ethiopia by the year 2035.
Mission
To 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.
Tel: +251-9-0248-1762, Email:eshetmfi@gmail.com
Tel:+251-11-3206451 Phone Number:+251911343819 Email:
Phone number:+251913234811 Email:
Tel: Phone Number:+251910717855 Email:
Phone Number:+251922000719 Email:
Phone Number:+251973370087 Email:
Phone Number:+251911944257 Email:tadele.henok29@gmail.com
Jesus is the lord
Products and services
Welcome To Eshet Microfinance Institution
Loan Product
Rural Agricultural loan , Group Business loan, Individual Business loan, Promic loan, Employee loan, Group Solar Energy loan ,Individual Solar Energy loan, Individual Agricultural loan, Staff Salary loan.
Saving products
Regular Voluntary Saving , Coin Box Saving , Special child education Saving , Time deposit, Voluntary Savings , Compulsory Saving , Staff saving.
Digital Chanel
Core Banking System Service .
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.
Thank you for being with us.
About
About us
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
Employees as of September 2023
Tolal number of Employees
Branch Managers
Head Office
Loan Officeres
Others
Area Staff
Cashieres
Core Values
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Integrity
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Accountability
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Transparency
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Respect
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Speedy service
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dedication
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Impartiality
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Confidentiality and
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Professionalism.
Goal
- Providing quality and appropriate products(Services) that best satisfy the need of clients and ensure improvement of their wellbeing .
Strategic Direction
Currently, the leadership team of Eshet MFI is undertaking several change initiatives toward attaining the newly defined vision and mission. Regardless of the growing internal and external dynamism, Eshet MFI wants to be one of the top competent and leading MFIs in Ethiopia. To this end, a new strategic business plan document that indicates key business goals, strategies, action plan and monitoring mechanisms is under the process of completion. Ensuring sustainability of the Institution, full implementation of the core banking system and enhancing the institutional capacity are among key area of focuses of the new strategic business plan to be implemented through the budget year 2023 to 2028. The institution shall continue to work with existing and new partners that would contribute in attaining its business and social goals.