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QV7J+HXJ, Ethiopia...
Establishment Date: 03/08/2018
NBE MFI No: 036
Trade No: 04/2/09796/96
Debo Microfinance Institution (DMFI) was established and registered by the National Bank of Ethiopia on August 3, 2017, as a share company, fulfilling the requirements of proclamation No. 626/2009 and the directives of the National Bank of Ethiopia, the authorizing body to license and supervise MFIs in the country.
The institution is a private microfinance company established by 27 shareholders with a paid-up capital of Birr 10,350,000 and licensed by the National Bank of Ethiopia in August 2017. The operation started in February 2018 by opening one branch in Addis Ababa Bole sub-city.
The shareholders of Debo MFI are committed and motivated private investors who put in their resources to provide financial services to targeted clients on a commercial basis.
Debo MFI envisions being a leading microfinance institution in the country, identified with the provision of innovative, efficient, and sustainable financial services to its target market, which are basically small entrepreneurs, farmers, growth-oriented enterprises, and individuals. Debo MFI is expected to provide innovative and sustainable financial services to micro and small enterprises, individuals, and institutions to achieve maximum satisfaction in terms of business and economic well-being.
Debo will mainly have the following types of loan products. These are business loans, agricultural loans, Micro & Small enterprise loans, employee loans, and household loans. The first two loan products are channeled through group lending methodologies, and the remaining other products are delivered through individual lending modalities.
September, 2024
Wednesday
August 26,2019
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QV7J+HXJ, Ethiopia...
