In Ethiopia the need demand for financial services particularly that of credit is quite significant. However the supply in the right size and quantity is very limited. The conception of Nisir owes itself to this gap. However, it is not one sided, rather it tries to create a win-win linkage between the productive business community and households who are not directly involved in investment and business activities.
The Ethiopian MFI industry dates back to the year 1996 when the first proclamation was issued. Since then it has shown a tremendous growth in all measurements creating one of the largest MFIs in the world. Among various alternatives progress in the performance of a microfinance sector in general and the MFIs in particular is measured on the basis of outreach and sustainability.
Nisir Microfinance Institution S.C. (under formation) is offering 15,000 ordinary shares with a par value of 1,000 each. A share buyer is expected to meet the minimum investment requirement of 25 shares, i.e. ETB 25,000.
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Nisir Microfinance Institution S.C. (under formation) is project to have a profit from the very first year of operation. Return on Equity invested is expected to grow from 20% in the first year to 40% in the fourth.
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