Nisir Micro Finance

Nisir Micro Finance

Nisir Microfinance Institution Share Company is one of the emerging financial institutions established in 2014 in accordance with the 1960 Commercial Code of Ethiopia, the Microfinancing Business Proclamation No. 626/2009, and Other regulations enacted by the National Bank of Ethiopia. Nisir was established with 205 individual and institutional shareholders with a vision of serving the un-served segment of the economy with need-based and innovative financial products and services. Nasir’s mission is to enable the transformation of MSEs into sustainable high net worth businesses through need-based financial services. We have the vision to be the most inclusive Microfinance institution in Ethiopia. Nisir’s primary target customers are MSEs engaged in productive activities with a special focus on those who could not be adequately served by other financial service providers commonly referred as the ‘Missing Middle’ Nisir’s products and services include ranges of demand-driven loan products for micro and small businesses with a range of features depending on the needs and capacity of clients. For individuals who are not engaged in business activities, Nisir also offers personal loans at an affordable rate and flexible modes of payments. Nisir believes that availing the right amount of credit at the right time as per the business nature significantly contributes to a quick and smooth transformation of the business enterprises. Nisir also offers market-driven and competitive saving products and services to individuals and institutions who would like to save their money today for a better tomorrow. Since it has become operational in September 2014 Nisir is serving more than 700 clients. With a committed and forward-thinking board, management, and staff Nisir plans to realize its vision and play its role in the growth and transformation of Ethiopia in its quest towards achieving a middle-income country status in 2025.

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