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2013 Annual Conference and General Assembly
from 16/10/2013 to 19/10/2013
Addis Ababa, Ethiopia
The Africa Microfinance Network (AFMIN) and The Association of Ethiopian MicroFinance Institution (AEMFI) will organize the 12th Annual Conference and General...
2014 SPTF ANNUAL MEETING
KING FAHD PALACE, June 2-6, 2014 DAKAR, SENEGAL
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AEMFI-Ethiopia
NETWORK DETAILS :
Location : Ethiopie
Adress : P.O. Box 338 Code 1110
Email : aemfi@telecom.net.et
Tel/Fax : (251)-1-503829, 511567 / (251)-1-503830
Executive Director : Walday Amha - Board Secretary
Website : http://www.aemfi-ethiopia.org
Headquarters : Kebele 37, Woreda, 18 House No. 227
Capital : Addis Abeba
Year of inception : June
DESCRIPTION :
AEMFI (the Association of Ethiopian Microfinance Institutions) was established in June 1999 as a non-profit non-governmental organization after its legal registration by the Ethiopian Ministry of Justice. It was initially established by four microfinance institutions (MFIs) namely Dedebit Credit and Saving Institution S. Co. (DECSI), Amhara Credit and Saving Institution S. Co. (ACSI), Oromia Credit and Saving Institution S. Co. (OCSSCO) and Omo Microfinance Institution (OMFI) to serve as an experience and information sharing, networking, training, promotion, and policy dialogue forum for these and other emerging MFIs. Currently AEMFI has 27 member MFIs providing microfinance activities in the areas of credit delivery, saving, money transfer, and pension payment services in 8 of the 11 regional states/administrative organs of the EFDRE namely: Tigray, Amhara, Oromia, Benishangul-Gumuz, SNNP, Dire Dawa, Harari and Addis-Ababa. AEMFI is governed by a general assembly, a board of directors, and full time executive staff.
VISION AND MISSION :
The vision of AEMFI is to see a reduced level of poverty and increased level of consumption and ultimately wealth/capital creation in Ethiopia through an active intervention of current and future microfinance institutions growing into efficient and sustainable rural and microfinance banks. AEMFI is committed to support MFIs that can reach millions of poor Ethiopians and play active role as financial intermediaries and institutional investors.
AEMFI's mission is to create an institutional structure that serves as a national/industry forum and network for microfinance institutions that provide microfinance services to economically and socially disadvantage Ethiopians. AEMFI helps to increase the efficiency and effectiveness of the existing MFIs and facilitate the establishment of new ones.
NUMBER OF MFIs : 28
LIST OF MFIs :
1.Amhara Credit and Saving Institutions S.C (ACSI) acsi@ethionet.et
2. Addis Credit and saving Institutions S.C (ADCSI) adcsi@ethionet.et
3.Aggar Microfinance S.C amfsc@ethionet.et
4.Africa Vilage Financial services S.C (AVFS) avfs@ethionet.et
5.Benshangul Gumuz MIcrofinance S.C bgmf@ethionet.et/
6.Bussa Gonofa MIcrofinance S.C bgmfi@ethionet.et
7.Dedebit Credit and saving Institutions S.C (DECSI) decsi@ethionet.et
8.Diredawa MIcrofinance S.C (Dire) diremfi@ethionet.et
9.Digaf MIcrofinance S.C nlco@ethionet.et
10.Eshet MIcrofinance S.C eshetmfi@ethionet.et
11.Gasha MIcrofinance S.C gmfi@ethionet.et
12.Ghion MIcrofinance S.C ethiopianaid@ethionet.et
13.Harbu MIcrofinance S.C harbumfi@ethionet.et
14.Letta MIcrofinance S.C lettamfi@ethionet.et
15.Meket MIcrofinance S.C
16.Meklit MIcrofinance S.C mmfi@ethionet.et
17.Metemamen MIcrofinance S.C mmfisc@ethionet.et
18. Oromia Credit and saving S.C (Ocssco) ocssco@ethionet.et
19.OmoMIcrofinance S.C Omoho97@yahoo.com
20.Poverty eradication and Community Empowerment Microfinance Institutions S.c (PEACE) peace@ethionet.et
21. Specialized Financial and Promotional Institutions S.C (SFPI) sfpi@ethionet.et
22.Shashimene eddir yelimat Agar S.C (SEYAMFI) seyamfi@ethionet.et
23.Sidama MIcrofinance S.C Sdc10@ethionet.et
24.Wasasa MIcrofinance S.C wasasamf@ethionet.et
25.Wisdom MIcrofinance S.C wisdom@ethionet.et
26.Harar MIcrofinance S.C hararmfin@yahoo.com
27.Gambela MIcrofinance S.C gambelamfi@ethionet.et
28.Lefayda MIcrofinance S.C lefaydamfi@ethionet.et
BOARD OF DIRECTORS :
Name: Teklewoini Asefa
Organization: DESCI
Position: Chair Person
Name: Teshome Kebede
Organization: OCSSCO
Position: Vice Chairperson
Name: Teshome Yohannes
Oranization: BUSSA G.
Position: Member
Name: Worku Tsega
Oranization: Wisdom
Position: Member
Name: Tadese Kassa
Oranization: ACSI
Position: Member
Name: Abebe Kebede
Oranization: Metemamen
Position: Member
Name: Awash Abetew
Oranization: Addis Credit
Position: Member
Name: Wolday Amha Member
Oranization: AEMFI
Position: Non-voting Board Secretary
Network expertise :
Financial Performance Monitoring, Financial Sector Intermediation, Knowledge Management, Partnerships and Linkages, Policy advocacy / Legal reform
Network services :
Annual/Bi-annual conference and industry events, Development and dissemination of new products and innovations for clients, Dissemination and promotion of the microfinance industry, Educational seminars and training, Market research / information dissemination, Partnership and linkages, Peer learning and exchange, Performance monitoring and benchmarking, Policy advocacy / legal reform, Sponsorship of Conferences and Industry Events
Active Borrowers :
1 381 406
Outstanding portfolio :
USD 221 900 000
Savers :
449 230
Previous or current donors :
DFID, UNDP, Jitegemee Trust, USAID,
Royal Netherlands Embassy
OVERVIEW OF INDUSTRY :
The Ethiopian microfinance sector is one of the fastest growing in the world today. As per end-of-year 2005, the then 23 operational MFIs serviced 1,277,939 borrowing clients with an aggregated portfolio of EBR 1,622 billion or EUR 177 million. Most of these MFIs are still mainly working in rural areas with a focus on agricultural activities.
The two largest service providers, DECSI and ACSI, service the bulk of the clients at 424,000 and 435,000 respectively and there is only one other MFI that had managed to reach the 100,000 client mark by late 2005.
A third characteristic is differentiation of background and ownership. The largest services providers are closely linked to their respective regional governments. The mid-size NGOs are predominantly related to NGOs that are genuine civil society organizations. A third and small category is represented by the newly established privately owned MFIs that could not avail of NGO or donor support.
Ethiopia is one of only few countries that have prominently included microfinance in their Poverty Reduction Strategy Paper. Already in the old SDPRP the provision of micro-loans was considered crucial for rural development, particularly to support subsistence farmers accessing farm inputs such as seeds, fertilizer and production tools. It expected Microfinance Institutions (MFIs) to focus on that, and in fact, a regulatory framework was already designed in 1996 to ensure the microfinance industry’s allegiance to this national objective.
Since 1996 Ethiopian microfinance is regulated on the basis of Proclamation Nr 40/1996 for Licensing and Supervision of Microfinance Institutions. The National Bank of Ethiopia (NBE) is authorized to license, regulate and supervise MFIs, which are required to be incorporated under Section 304 of the Commercial Code of the country as for-profit share companies, wholly owned by Ethiopian nationals or organizations owned by Ethiopian nationals.
Ethiopia has a strong MFI network. The Association of Ethiopian Microfinance Institutions (AEMFI) is the network of all registered MFIs in Ethiopia. It’s objectives are to provide a forum and structure through which MFIs can share their experiences and exchange information, to enhance the capacity of the member MFIs through offering training and negotiation for alternative funding resources from both local and international sources and to strengthen the entire MFI sector development through undertaking research, advocacy, promotion of the industry, engage dialogue with the government and other relevant international institutions with to view to positively influence MFI policy and practises.
