Specialized Financial and Promotional Institution

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Vision

To be the model MFI in Ethiopia that improves the livelihoods, productivity and high net worth of the poor especially of women and persons with disabilities

Mission

Inspiring the under privileged, especially women and persons with disabilities to change their lives through providing fast, quality, affordable and need based financial services

Basic Objective

The fundamental objective of SFPI is poverty alleviation by providing both financial and non-financial services to the target population.


Company Profile

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 itspaid up capitalreachedbirr 10 million.  As of June 30, 2019 total asset, total capital and loan outstanding balance of SFPI over 449 million,125 millionand 313 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 23 branches and 12 sub- branches which provide financial service such as credit, saving and credit insurance to over 69,500 clients in both rural and urban areas.

Core Values

  • 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.

Board Members

Mr. Ayele Bogale

LLB, Legal consultant and Attorney at any law

Mr.
Sisay Danekew

BA in Accounting

Mrs.
Hana Tesfaye

Diploma in Accounting

Mr.
Fekadu Tsega

LLB

Mr.
Giragn Garo

Executive Masters in Business administration

Mr.
Guya Dhaba

MSc in accounting and finance

Management Team

Mr. Anbessie Chaka

CEO

Mr. Zelalem Mengesha

Deputy General Manager

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

Mr. Dagmawi Yonas

Head, Legal &Contract Admin Service

Mrs. Kidist Tsige

Head, MIS

Our Partners