Liyu Microfinance Institution S.C
ልዩ ማይክሮፋይናንስ ኢንስቲትዩሽን አ.ማ
Saving Products
Voluntary saving products
• Ordinary Saving
• Time Deposit
• Tesfa Child Saving
• Box Saving
• Institutional Saving
• Housing Fund Saving
compulsory Saving
• Pre Loan Saving
• After Loan Saving
Loan Products
•Individual Loan
•Short Term Loan
•Group Loan
•Housing Loan
•Clean Energy loan (CET Loan)
•Small and Medium enterprise Loan (SMEloan)
•Micro and Small Enterprises Loan (MSE loan)
•Water, Sanitation and Hygiene Loan(WASHloan)
•Women Entrepreneurship Development Program (WEDP loan)
Credit Life Insurance Services
This financial product designed for non-collateral backed loans.
According to this product LMFI will offset outstanding balance of the loan except arrears if death of borrower/policyholder occur.
Core Values
· Equal treatment of all persons: we respect the rights of all individuals and are
not constrained by any biases.
· Teamwork: we strongly believe that we can only achieve our mutual goals as a
team.
· Integrity: we are honest to our clients.
· Tolerance: there is no tolerance for fraud, late payments and poor performance.
· Training:
belief in the importance of client training in order to maximize their
entrepreneurial potential.
Conditions for Accessing the Loan
· Age Requirement: Applicants must be at least 18 years old and actively engaged in income-generating activities.
· Residency and Identification: Applicants must reside within the operational area of the institution and possess valid identification cards confirming their residency.
· Business Engagement: Those involved in business activities must possess a valid trade license.
· Loan History: Applicants should not have any outstanding or unsettled loans with any financial institution.
· Guarantee or Collateral: Applicants must be able to provide either personal or group guarantees, or collateral as per the institution’s requirements.
· Income Source: Applicants must demonstrate a reliable source of income to ensure repayment of the loan.
· Savings Commitment: Applicants must show willingness to save through upfront and regular savings.
· Good Conduct: Applicants should have good behavior within the community.
Target clients
- Active poor who engage in income generating activities
- Micro and small enterprises operators
- Women
Entrepreneurs
- Small and medium enterprises operators
- Cooperative who engage in business activities
- Employees of well-organized institution
What We Strive For
- Availing financial service to under banked communities
- Enhancing economic and social wellbeing of the society
- Contributing towards economic development endeavors