Specialised Financial and Promotional Institution (SFPI)
a ) General Information
Year of Establishment
1997 and started operation in 1998
Financial and Promotional Institution S.C. (SFPI) was legally registered by
the National Bank of Ethiopia, according to Proclamation No.40/1996.
Operational Area (s)
intends to increase its outreach in the existing operational areas (Addis
Ababa City Administration and Oromiyaa Regional State). Also, it has a plan
to start operation in the Amhara Regional State within the next 3 to 5
Number of Woredas Covered so far
20 Woredas in the Addis Ababa City Administration, four in Oromiyaa Regional State and Yirgachefe of the SNNP.
Number of Branches Opened so far Four
Number of Clients served so far
out of which 7644, 1299 and 1141 are urban, semi-urban and rural clients
clients = 31%, Female Clients = 69%
(b) Loan Services/Products Group
Lending Rate 16%,
Loan term = 12 months
Loan term = 3 months
of Collateral Needed Group
of the economic activities financed so far
needed to process and get loan 15
requests borrowers to fill out application format that can also serve as
borrower is expected to fill out an application form with the following
Clients for Loans urban
and rural households.
to lend to new business start-ups such as high school drop-outs, college
graduates and similar groups SFPI
gives financial services to new business start-ups as long as they meet the
criteria set for any other borrowers.
of Revising Institutional Financial Policies
revises its financial policies whenever it found necessary.
c ) Savings Products
d ) Other Services Training
in entrepreneurship to small business owners
services of SFPI can be accessed from its branch offices.
products to be introduced during the coming 3-5 years
P.O.Box: 10689, Addis Ababa, Ethiopia
Telephone: +251-1-622780/81 or +251-1-614804
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