Poverty Eradication and Community Empowerment Micro-finance Institution S. Co.
Poverty Eradication and Community Empowerment Micro-finance Institution S. Co. (PEACE MFI) was founded in November 1999 to takeover the micro-credit activities previously run by its mother organization, Agri-Service Ethiopia (ASE), a local NGO that has been undertaking integrated rural development activities for more than 40 years in Ethiopia. PEACE MFI is formed as a Share Company under the Ethiopian law. It is licensed by the National Bank of Ethiopia (NBE) to provide micro-finance services.
PEACE MFI is owned by Agri- service Ethiopia and fifteen other individuals. The total paid up capital of the institution is Birr 25,000,000.

PEACE MFI started operations in 2000 by opening seven branches in three regional states: Amhara, Oromia and South nations, nationalities and peoples where Agri Service Ethiopia was running its micro-credit projects. PEACE MFI currently offers group loans through a network of 25 branches located in the above-mentioned regions and Addis Ababa city Administration. As of June 2017, it has 18,763 active clients with loan outstanding with total loan portfolio of Birr 118,203,900.47 million with a repayment rate of 99.3%. It has also mobilized a sum of Birr 50,209,040.31 as an outstanding saving balance in the same period.  The number of savers are 70,027 of these 78% are female clients.

 

Partners & Linked Organizations

Agriservice Ethiopia

Oxfam NOVIB

Women's World Banking

TRIPLE Jump

Microfinance Information Exchange

Planet Rating 

Micro Finance African Institution Network (MAIN)

http://www.mainnetwork.org

Association of Ethiopia Microfinance Institution

http://www.aemfi-ethiopia.org

http://www.mossict.com

About us

The services of Micro Financing Institutions give macro impacts by impacting in the life of their clients.