Home

Gasha 
Micro-Finance Institution

FeMSEDA  I  ReMSEDA  I  Chambers  I  Finance  I   BDS providers  I  Networks I  Associations  I  NGO/Projects

Website Statistics

Finance-Home  I  Banks  I  Micro-Finance  I  Insurances

(a)  General Information

Year of Establishment

15^th May 1998

Legal Status

Gasha Micro Financing S.C. was registered legally by the National Bank of Ethiopia, according to Proclamation No.40/1996.

Current Operational Area (s)

Addis Ababa City Administration and Oromiyaa Regional State

Future Expansion Plan

Gahsa Micro financing S.C. intends to increase its outreach to 10,534 and 2,500 in the Addis Ababa City Administration and the Oromiyaa Regional State, respectively, within the next 3 to 5 years.

Total Number of Woredas Covered so far

16 woredas in Addis Ababa and 4 in Oromiyaa

Total Number of Branches Opened so far

Five branches and one sub-branch

Total Number of Clients served so far

8,386

Gender Sensitivity

Male clients = 30%, Female Clients = 70%

(b)  Loan Services/Products

• Non-seasonal Group Loan

• Seasonal Group Loan

• Individual Loan

Annual Lending Rate

13% with 3% additional annual service charge.

Loan Size

Loan Term

Maximum Loan term =  12 months for Non-seasonal Group Loan and

    Individual Loan

Minimum Loan term = 4 months for Seasonal Group Loan

Loan Eligibility Criteria

Potential clients are expected to meet the following criteria:

• Working poor with business experience and sound start-up business;

• Persons that physically and health wise fit for the business;

• Residences of specific Kebeles with ID Cards

• Good Character Reference;

• Age not less than 18 and greater than 60 years;

• Willingness to accept the operational modalities of the Institution;

• Without indebtedness to other financial sources;

Type of Collateral Needed

Group Collateral for Seasonal and non-seasonal Loans and salaried persons for Individual Loans.

Some of the economic activities financed so far

• Handicrafts;

• Petty Trade;

• Production oriented income generating activities;

• Services

• Agricultural (Cattle fattening, irrigation, fertilizer.)

Grace Period

No Grace period for all loan types.

Time needed to process and get loan

45 days for seasonal and non-seasonal loans and 10 days for individual loans.

Business Plan Presentation

Borrowers are requested to fill out a business with the following contents:

• Applicant’s experience in the specific business that he/she is requesting loan for;

• Place or location of the business;

• Expected sales turn-over of the business;

• Break down of cost into direct, overhead and running costs.

Loan Application Format

The borrower is expected to fill out an application form with the following contents:

• Name of the borrower;

• Address of the Borrower (Woreda, Kebele, Ho. No.);

• Type of business/activity;

• Amount of loan requested by the borrower;

• Date loan payment starts and ends;

• The role of group members in guaranteeing each other and their decision as to the

• approval of each others’ loan;

• Loan approval by the authorities of the Institution;

Target Clients for Loans

• Individual borrowers;

• Groups;

• Cooperatives;

• Urban and rural households.

Willingness to lend to new business start-ups such as high school dropouts, college graduates and similar groups

Gasha provides loans to new business start-ups through individual/personal or institutional guarantee.

Frequency of Revising Institutional Financial Policies

Gasha Micro Financing S.C. revises its financial policies as and when necessary.

(c) Savings Products

(d)  Other Services

• Basic Business Skill Training (BBST) is provided for illiterate women clients;

Service Out-let

Services of the Institution can be accessed through Kebele Administrations, branch and sub-branch offices as well as farmers’ associations.

New products to be introduced during the coming 3-5 years

Address

P.O.Box : 29249, Addis Ababa, Ethiopia

Telephone : +251-1-131891

Fax : +251-1-756399

E-mail : gmfi@telecom.net.et     gmfi@telecom.net.et

Finance-Home  I  Banks  I  Micro-Finance  I  Insurances