Our Story
Accessible . Equitable . Trustworthy
Background Information
Our story started when the Ethiopian Catholic Church Social and Development Commission (ESC/SADCO) in partnership with the Catholic Relief Service/Ethiopia (CRS) has undertaken a microfinancing program in selected target areas in the country. Therefore, Metemamen Micro Finance Institution S.C (MMFI) had been established and licensed to operate nationwide by the National Bank of Ethiopia (NBE) under proclamation No 40/96 on February 6, 2002.
We first started operation in the Oromia National Regional State in the towns of Adama, AlemTena, Derra, Meki, Wonji Zeway, and their surrounding areas in late April 2002.
Gradually we have expanded our operation to the capital city and three regional states SNNP, Amhara, and Sidama. Now we have reached thirty-one branches and two satellite offices in a number of hot business areas in the regions where we dwell.
We are gaining versatile and invaluable experience in working in the major rural areas of the country we have also finalized to fully operate in three new sub-cities of Addis Ababa. That will make our Addis branches eight.
Vission
To see poverty eradicated in Ethiopia by empowering the most disadvantaged group of society being one of the leading MFIs.
Mision
To contribute to poverty alleviation and empowerment of the economically less privileged segment of the population particularly women and youth entrepreneurs through demand driven and sustainable financial services in urban and rural areas of Ethiopia.
Objectives
To contribute to the poverty reduction effort by providing financial and non-financial services to many active poor people through promoting and bringing in recognition, legitimacy, respect and opportunity in the economic and social lives of the poor people.
Timeline
Head office, Adama, Meki
Negele Arsi, Assela, Welkite
Huruta, Shashemene, Batu, Weliso, Denbidolo
Bole, Eteya, Mojo, Arsi Sire
Welayta Sodo, Emdibir, Gulele, Hossana
Boditi, Sagure, Bote, Arerti, Areka
Debrebirhan, Hawassa, Nekemte, Gimbi
Dicha, Figa
Board
Ato Bekele Mogesse
Chair Person
Abune Seyoum Franswa
D/Chair Person
Abune Markos G/Medhin
Board Member
Abba Ketema Asfaw
Board Member
Abba Mekonnen Butta
Board Member
Ato Argaw Fantu
Board Member
W/rt Bezawit Assefa
Board Member
Ato Markos Gebremariam
Board Member
Ato Muluneh Tesfaye
Board Member
Management
Wegayehu Asrat
CEO
Bekalu Genene
Deputy CEO
Aytenew Wendimagegn
Head Operation Department
Gera Birhanu
Head Finance and Investment Department
Tesfaye Demisse
Head Internal Audit Department
Henok Getachew
Head Risk and Compliance Management Service
Aschalew siso
Head HRD & Administration Department
Alemaw Takele
Head Information Technology Department
Surafel Teshome
Head Business Development Division
Biruk Chanyalew
Head Legal Department
Yitages Asefa
Head Deposit Mobilization Division
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Addis Ababa
Ambo
Debereberhan
Assela
Borena
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