Interest Free Microfinance

Experience seamless financial solutions tailored to your needs

—— Solidarity and Agree Business Financing ——

Empowering Communities Through Interest-Free Microfinance Solutions

Solidarity and Agree Business Financing —

Empowering Communities Through Interest-Free Microfinance Solutions

A transformative initiative where groups of three to ten members unite voluntarily to access financial support.

  • Groups form voluntarily, promoting community-driven financial solutions.
  • Group members share common socioeconomic backgrounds, enhancing community cohesion.
  • Members collectively share liability and stand as guarantors for each other.
  • In case of default, the group’s collaborative strength comes into play, allowing members to pool resources for repayment.
  • This financing model not only supports individual financial needs but also fosters economic empowerment at the community level.
  • Community-driven borrowing approach.
  • Members from the same area with similar socioeconomic backgrounds.
  • Shared liability and acting as guarantors for each other.
  • Cultivates a collective sense of responsibility.
  • Group strength utilized to address repayment challenges through collaborative resource pooling.

A transformative initiative where groups of three to ten rural members unite voluntarily to access financial support.

  • Designed for financing agricultural activities
  • Covers a range of agricultural inputs, including fertilizers and seeds
  • Supports livestock-related ventures such as the purchase of farm animals and cattle fattening
  • Includes activities like horticulture, poultry, and dairy farming
  • Facilitates trades such as sheep and goat farming, cattle farming, and petty trade
  • Extends support to the cultivation of fruits and vegetables
  • Allows for the rental of agricultural machinery
  • Encourages Shariah-compliant initiatives like beekeeping
  • Promotes community-driven economic growth
  • Fosters the establishment of mini cafeterias and other small-scale businesses
  • Community-driven borrowing approach.
  • Members from the same village with similar socioeconomic backgrounds.
  • Shared liability and acting as guarantors for each other.
  • Cultivates a collective sense of responsibility.
  • Group strength utilized to address repayment challenges through collaborative resource pooling.

A transformative initiative where groups of three to ten urban members unite voluntarily to access financial support.

  • Targeting urban group-based finance customers
  • Coordination with kebele administration, women associations, women affairs offices, or other relevant organizations
  • Focus on women targets
  • Facilitating the formation of finance groups
  • Community-driven borrowing approach.
  • Members from the same area with similar socioeconomic backgrounds.
  • Shared liability and acting as guarantors for each other.
  • Cultivates a collective sense of responsibility.
  • Group strength utilized to address repayment challenges through collaborative resource pooling.

—— Enterprise and Retail Financing ——

Tailored Financing Solutions for Businesses and Entrepreneurs

Enterprise and Retail Financing —

Tailored Financing Solutions for Businesses and Entrepreneurs

A financial program that facilitates the transformation of well-performing rural group-based customers into individual financing programs.

  • Suited for well-performing rural group-based customers and individual model farmers.
  • Provides individual financing for agricultural activities.
  • Requires acceptable collateral as security.
  • Focuses on customers engaged in agriculture.
  • Considers borrowers with good repayment track and character.
  • Evaluates capacity of individual farmers for effective utilization.
  • Empowers rural entrepreneurs with personalized financial solutions.
  • Offers enhanced flexibility compared to group-based financing.
  • Provides continued support and guidance during transition.
  • Transformation Opportunity for well-performing rural group-based customers.
  • Eligibility for existing borrowers with a positive repayment track and individual model farmers.
  • Requirement to present acceptable collateral for accessing the financing.

Designed to provide Sharia-compliant financing and support for manufacturing and production businesses

  • Murabaha Financing: Offers Sharia-compliant financing.
  • Supports MSMEs: Targets enterprises in specified industries.
  • Customized Financing: Tailored solutions for MSMEs.
  • Promotes Business Growth: Supports MSME development.
  • Economic Impact: Stimulates local economy and creates employment.
  • Micro Enterprise: Up to 5 employees, equipment investment below Birr 100,000.00.
  • Small Enterprise: 6-30 employees, equipment investment between Birr 100,000.00 and Birr 1,500,000.00.
  • Medium Enterprise: Over 30 employees, equipment investment between Birr 1,500,000.00 and Birr 2,000,000.00.

A transformative initiative that provides women entrepreneurs with Sharia-compliant financing and comprehensive support for business growth and empowerment.

  • Well suited for women-owned businesses and entrepreneurs.
  • Supports businesses with good entrepreneurship knowledge and skills.
  • Offers customized financial solutions tailored to the specific needs of women entrepreneurs.
  • Follows Murabaha financing principles (Sharia-compliant).
  • May provide additional entrepreneurial development support, such as training and mentorship.
  • Aims to contribute to economic empowerment of Women.
  • Business Entities: Sole proprietorships, private limited companies, share companies, or partnerships.
  • Registration: Businesses must be registered with the concerned body.
  • Educational Background: Open to women entrepreneurs from diverse educational backgrounds.
    Unemployed Women
  • Entrepreneurs: Supports unemployed women running businesses individually or in an organized form.

A Sharia-compliant program that provides financing for housing and vehicle purchases.

  • Provides financing for housing and vehicle purchases.
  • Allows the borrower’s spouse’s salary or reliable income to be added to determine the financing size for housing loans.
  • The housing loan has a maximum term of 15 years (180 months).
  • The borrower’s spouse must be a permanent government employee, an employee of well-known NGOs, banks, insurance companies, or a licensed business owner.

A program that offers Sharia-compliant financing and support specifically designed for women entrepreneurs in areas without Women Entrepreneur Development Program (WEDP) credit services.

  • Sharia-compliant financing and support program.
  • Designed for women entrepreneurs.
  • Targets areas without WEDP credit services.
  • Available for various business entities: sole proprietorships, private limited companies, share companies, or partnerships.
  • Offers financial assistance tailored to the needs of women entrepreneurs.
  • Women entrepreneurs are eligible to apply.
  • Limited to areas where WEDP credit services are not available.
  • Businesses must be registered with the appropriate governing body.
  • Eligible business entities include sole proprietorships, private limited companies, share companies, or partnerships.

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1.

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