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 1,288,000. 

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 16 branches located in the above-mentioned regions. As of July 2009, it has 19,794 active clients with loan outstanding with total loan portfolio of Birr 42,511,836.47 million. It has also mobilized a sum of Birr 11,044,510 as an outstanding saving balance in the same period.  The number of savers are 22,564 of these 80% 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
http://www.mfiain.org

Association of Ethiopia Microfinance Institution

http://www.aemfi-ethiopia.org

About us

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