Question 1

What is Debo Microfinance Institution?

Accepted Answer

Debo Microfinance Institution S.C. is a private microfinance institution operating in Ethiopia. The institution aims to generate profit for its shareholders through the provision of efficient microfinance services while improving the socio-economic situation of its customers. Debo MFI primarily focuses on providing efficient and effective savings and credit services to its target clientele, particularly women, farmers, and micro-entrepreneurs.

As a member of the Ethiopian microfinance sector, Debo MFI is part of an industry characterized by rapid growth, aggressive scaling, and a strong focus on reaching rural and urban underserved populations.

Question 2

When was Debo Microfinance Institution founded?

Accepted Answer

Debo Microfinance Institution has been operating in Ethiopia as a licensed microfinance institution under the supervision of the National Bank of Ethiopia. The institution is registered with the Ethiopian Deposit Insurance Fund (EDIF) with registration number 198/1065.

[Information about the specific founding date is not publicly available]

Question 3

Where is Debo Microfinance Institution headquartered?

Accepted Answer

Debo Microfinance Institution is headquartered in Addis Ababa, Ethiopia. The head office can be reached at +251 116 721 519/20.

Question 4

Where does Debo Microfinance Institution operate?

Accepted Answer

Debo MFI operates branches within and outside Addis Ababa throughout Ethiopia. The institution is constantly working to reach new areas and communities, expanding its geographic footprint to serve underserved populations.

As of January 2025, the institution announced the opening of its 7th branch in Lami Kura sub-city, Addis Ababa, demonstrating its commitment to bringing accessible financial services to more communities in the capital and surrounding regions.

Question 5

What services does Debo Microfinance Institution offer?

Accepted Answer

Debo MFI provides a range of microfinance products designed for low-income individuals and small businesses:

Credit Services: Group loans for clients conducting small businesses like petty trading activities, living in areas where branch offices are located. Individual loans extended to micro-enterprises for business activities including petty trade, service providers, and small-scale entrepreneurs.

Savings Products: Child Savings accounts with attractive interest rates and flexible deposit options designed to secure children's futures. Holiday Savings accounts for planning celebrations and vacations. Time deposits offering high-yield returns for fixed-term savings. Regular savings accounts with competitive interest rates.

Loan Application Process: Debo MFI pursues a policy of employing client-responsive, effective, and flexible service delivery, making the loan application process accessible to its target market.

Money Transfer Services: The institution provides money transfer services to facilitate remittances and payments for its customers.

Question 6

What makes Debo Microfinance Institution unique?

Accepted Answer

Debo MFI distinguishes itself through its core values, represented by the acronym DEBO MFI:

Dedication: Passionately dedicating resources to generate quantum transformation in the lives of women, farmers, and overall clients.

Equity and equality: Adhering to values and principles of equity and equality in all engagements with clients and stakeholders.

Breadth: Encouraging consultative engagements in all pursuits meant for changing the lives of target groups.

Objectivity: Maintaining non-partial, non-political, non-religious, and non-ethnic stance in dealing with clients, partners, and stakeholders.

The institution pursues a multi-purpose approach in addressing communities to stimulate economic development growth. Debo MFI emphasizes working closely with borrowers and their families to provide loans that better serve their needs.

Question 7

What type of financial institution is Debo Microfinance Institution?

Accepted Answer

Debo Microfinance Institution is a Microfinance Institution (MFI), a type of financial institution in Ethiopia that is licensed specifically to provide microfinance services to low-income individuals and micro-enterprises.

Under Ethiopian law, particularly Proclamation No. 626/2009, microfinance institutions are authorized to collect deposits (including demand and time deposits), extend credit to rural and urban farmers and micro-entrepreneurs, provide money transfer services, offer financial leasing services, and conduct various other financial activities tailored to underserved populations. Debo MFI operates under the supervision of the National Bank of Ethiopia and is a member of the Ethiopian Deposit Insurance Fund.

Debo Microfinance Institution

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About Debo Microfinance Institution in Ethiopia

Debo Microf­inance Institution