General Overview
Despite fast economic growth witnessed in the past decade and the plan to move the country forward in economic growth and other social development, the country is still among one of the poor countries in the world. As the As the result, the rest of the economy the financial sector in the country is underdeveloped and characterized by citizen’s low access to financial services, limited contribution of the financial sector to GDP and limited savings channeled through formal financial institutions.
The financial sector in its broadest definition includes banks, stock exchanges, insurers, credit unions, microfinance institutions and money lenders. The services that this sector provides are fundamental to economic growth and development. Banking, saving and investment, insurance and equity financing help citizens to save money, guard against uncertainty, enable startup businesses and enhance their competence in local and international market.
The existence of strong relationship between finance and economic growth seems uncontestable as many researchers confirmed. It confirms the importance and relevance of the sector to bring economic development. Working together to improve the financial accessibility will lift-up and changes the livelihood of many poor citizens and youths. Meftehe Microfinance aims to fill the gap that producers and SMEs are suffering. When we invite you to work together, our major objective is to improve the livelihood of many small enterprise actors by improving improving the financial accessibility. Without finance, economic excellence and prosperity are unthinkable. Thus, we invite you to join your hands and to be the owner of such an impactful and multidimensional institution; Meftihe Microfinance Share Company.
To be a most preferred and leading financial institution in Ethiopia and East Africa who provides excellent financial services.
Why Meftihe Micro-finance
- Microfinance is one of the financial sectors which has strong follow-up from government.
- In addition to its profitability, Microfinance sector’s current dividend or profit share ranges from 40-60%
- It is the most important factor which determines the successful implementation and operation of various economic activities.
- More flexible and accessible than banks and other financial institutions for most of the society
- Shareholders of Meftihe Microfinance can use it as a platform and good foundation to plan and operate other investments.
- Powerful tool to eradicate poverty; naturally Microfinance target the missed middle and not covered by another financial services
- Has got exceptional power and excellent strategy to benefit the majority and the lower class of the society