Company Profile
About Bilal Microfinance S.C
Bilal Microfinance Institution (BMFI) was officially established on February 23, 2024, by 851 shareholders, with an initial paid-up capital of 22.5 million Birr. The institution commenced its operations in July 2024, launching its first branch and offering full-fledged interest-free microfinance services.
In less than a year, BMFI has expanded its footprint to three branches and built a team of 24 committed staff. Despite operating under a challenging environment characterized by capital constraints, inflation, and a volatile market, the institution has registered promising operational achievements. As of May 2025, BMFI has:
- Mobilized 6 million Birr in deposits from 2,627 depositors
- Disbursed 16 million Birr in financing to 116 loan clients
These early successes reflect strong demand for Islamic microfinance services and community trust in BMFI’s mission.
Looking ahead to the 2025/26 budget year, BMFI aims to significantly scale up its operational and financial performance. This will be made possible by accelerating the collection of subscribed shares and actively pursuing the sale of additional shares. The infusion of new capital will enable the institution to expand its branch network, enhance service delivery, invest in technology and human resources, and deepen financial inclusion, especially for underserved communities.
Looking ahead to the 2025/26 budget year, BMFI aims to significantly scale up its operational and financial performance. This will be made possible by accelerating the collection of subscribed shares and actively pursuing the sale of additional shares. The infusion of new capital will enable the institution to expand its branch network, enhance service delivery, invest in technology and human resources, and deepen financial inclusion, especially for underserved communities.
Our Philosophy
Our company operates on the belief that access to financial services should not be limited by income or wealth status. The philosophy centers on empowering marginalized or underserved populations by providing small loans, savings, and financial products that help them improve their standard of living and foster entrepreneurship. The idea is that even small amounts of capital can create a ripple effect, allowing individuals and small businesses to grow, create jobs, and enhance their communities. Microfinance aims to break the cycle of poverty and promote financial inclusion by supporting those who do not have access to traditional banking systems.
Our CoreValue
- Ethical: We will at all times observe the highest principles of ethical behavior, respect for society, the Sheriah law and the environment.
- Innovation: Continuously seek and adopt innovative solutions to meet the evolving needs of clients.
- Social Responsibility: Commit to positive social impact and community development.
- Responsiveness: Understand and respond to the needs and challenges of clients with compassion and care.
- Sustainability: Focus on long-term environmental, social, economic institutional sustainability
