Specialized Financial and Promotional Institution
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The Specialized Financial and Promotional Institution (SFPI) S.C. was established as micro financing institution. It was legally registered on November 25, 1997 as per Proclamation No 40/96 issued by the Ethiopian Government to regulate the activities of Micro Finance Institutions in Ethiopia and started operation in the second half 1998. Initially it was established by five shareholders with paid up and subscribed capitals of birr 200 thousand and 800 thousand respectively. However, currently the number of shareholders increased to 11 and its paid up capital reached birr 10 million. As of December 30, 2021 total asset, total capital and loan outstanding balance of SFPI over 938 million,175 million and 662 million respectively.
SFPI started its operation in Addis Ababa and gradually expanded its outreaches to other regional states such as Oromia, Amhara and SNNPR. Now a days SFPI has 28 branches and 12 sub- branches which provide financial service such as credit, saving and credit insurance to over 72,054 clients in both rural and urban areas.
- To be trustworthy MFI
- Professional approach to providing MF services
- Giving high value to human beings in providing MF services
- Zero tolerance for Fraud
- Zero tolerance for arrears
- Belief in the importance of client training so as to better exploit the entrepreneurial potential of ordinary citizens.
Mr. Ayele Bogale
Mr. Anbessie Chaka
Mr. Zelalem Mengesha
Mr. Abebe Ansa
Manager, Internal Audit Department
Mr. Habtamu Ketsela
Manager, HR & Admin Department
Mr. Shumie Waktola
Manager, Finance&Accounts Department
Mr. Melese Girma
Manager, Saving Department
Mr. Getachew Kassahun
Manager, Credit Department
Mr. Muluneh Petros
Head, Marketing & BDS
Mrs. Mekerem Haile
Head, Legal & Contract Admin Service(Acting)
Mrs. Kidist Tsige