Core Function
PEACE MFI is engaged in the delivery of both Savings and loan services.
Loan products: There are two major categories of loans: agricultural loans and non-agricultural loans. Non-agricultural loans are provided for clients engaged in petty trade, local beverage production, artesian, hairdressing and barber, transport services using carts, etc. Agricultural loans are taken for goat and sheep rearing, purchase of oxen, fattening, purchase of select seed, fertilizers, dairy cow, etc.
All loans are provided on the basis of group guarantee and joint commitment of group members. |
|
|
|
|
PEACE MFI S.CO is the Micro Financing Institution which plays an important role in providing access to financial services to rural farmers and people engaged in other similar activities as well as micro and small scale rural and urban entrepreneurs. The main purpose of PEACE is to collect deposits and extend credit to rural and urban farmers and people engaged in other similar activities as well as micro and small scale rural and urban entrepreneurs. The following are major activities of PEACE.
- Accepting both voluntary and compulsory saving as well as demand and time deposits;
- Extending credit to rural and urban farmers and people engaged in other similar activities as well as micro and small scale rural and urban entrepreneurs;
- Drawing and accepting draft payable within Ethiopia;
- Micro insurance business;
- Managing fund for micro and small scale businesses; and
- Engage in other activities as specified by directives of the National Bank of Ethiopia from time to time.
|
|
PEACE MFI S.CO stands for prudent business practice and committed to applying best micro financing practices in all of its operation areas. The operation slogan “save regularly, borrow for profitable business and repay on time” will be used in the social promotion of the company, and the company values its esteemed clients to be empowered, motivated and encouraged in the poverty reduction through full participation of the poor. PEACEMFI S.Co. provides quality, competitive and affordable by the poor. The value of consisting at least 85% of female clients in its program is one of the core value for poverty reduction and community empowerment at wider scale. The company has zero tolerance for delinquency and default. |
|
|
|
