The former Specialized Financial and Promotional Institution (SFPI), currently rebranded as Liyu Microfinance Institution S.C (LMFI), began operations in June 1998, after receiving a business license from the National Bank of Ethiopia (NBE) in 25 November 1997. According to Ethiopian legislation, LMFI was established as a share company and provided a license to deliver microfinance services all over the nation. In an effort to fight poverty, the institution was established to offer both financial and non-financial services. LMFI was initially founded by five shareholders with paid-up and subscribed capitals of two hundred thousand and eight hundred thousand Birr, respectively. However, the number of shareholders progressively expanded to 11, the share capital of the company reached ten million, and the legal reserve now stands at two million.
LMFI began operating in Addis Ababa with 4 fully functional branches and steadily expanded its financial services over 3 regions and one city administration, namely Oromia, Amhara, and South Nations, Nationalities, and Peoples (SNNPs) National Regional States, as well as the Addis Ababa city, to reach 30 branch offices and 14 sub branch offices currently.
F Professionalism: our services are delivered in a professional manner.
F Tolerance: there is no tolerance for fraud, late payments and poor performance.
F Dedication: our personnel are committed to their jobs and devoted to the firm.
F Responsibility: we are accountable to our clients, our firm, our employees, and the environment.
F Constant quest for improvement: we always progress and become stronger by learning.
F Teamwork: we think that we can only achieve our mutual goals as a team.
F Equal treatment of all persons: we respect the rights of all individuals and are not constrained by any biases.
F Training: belief in the importance of client training in order to maximize citizens’ entrepreneurial potential.
F Transparency: our work is transparent both within the institution and to the public at large.
Mr. Ayele Bogale
Mr. Anbessie Chaka
Chief Executive Officer /CEO/
Mr. Zelalem Mengesha
Chief Operations Officer /COO/
Mr. Hunde Chernet
Director, Internal Audit Department
Mr. Habtamu Ketsela
Director, HR & Admin Department
Mr. Shumie Waktola
Director, Finance & Accounts Department
Mr. Melese Girma
Director, Saving Department
Mr. Getachew Kassahun
Director, Credit Department
Mr. Muluneh Petros
Director, Marketing BD & Planning Department
Mr. Dagmawi Yonnas
Director, Legal & Contract Admin Department
Mrs. Berhane Sisay
Director, ICT Department