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
