Kershi Microfinance Institution S.C.

12 Apr 2024 0 min read No comments

Trade No: 1/074/93
NBE MFI No: 035
Establishment Date: 05/06/2017

Kershi (Qarshii) Microfinance S.C is a financial institution registered under principal registration No NL/AA/3/0012632/2010, in line with Proclamation No 980/2016, and licensed by the National Bank of Ethiopia on April 5, 2017. Qarshii MFI is a public-based MFI established by 23 potential shareholders with a subscribed capital of Birr 40 million and paid-up capital of Birr 10.3 million.

Currently, the total subscribed shares have been paid, the number of shareholders has reached 23, and company capital has increased to Birr 40 million (Forty million birr). Qarshii Micro Finance Institution S.C was founded by 23 founding shareholders. Its vision is to be the most preferred microfinance institution in producing need-based and sustainable MFI that provides a range of responsive services to the target customers in Ethiopia. Qarshii MFI was established with the grand objectives of societal economic empowerment, poverty reduction, and job opportunity creation, and thereby plays its role in the national endeavor.