Summary Profile of Torban Microfinance Institution
Torban Micro finance Institution Share Company (TMFI SC) is one of the microfinance institutions in the country, established by 377 shareholders, composed of private business entrepreneurs, intellectuals, government and non-government civil servants, and other social groups.
Torban MFI SC got its Business License on January 29, 2024 and its Operational License on June 5, 2024 from National Bank of Ethiopia. It has also received Trade Registration License and TIN certificates from Addis Ababa city, Lideta Sub city. Its Head Quarter Office is located in Addis Ababa, close to Mexico Square, and has established three branch offices in Oromia region
The company offers different types of services including saving products, loan and technical advisory services to the target customer segments covering individuals, small-to-medium-sized businesses and associations.
Vision
Torban MFI aspires to be the best financial service providers in Ethiopia.
Mission
To make financial lives better by connecting peoples and resources.
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Values.
- Transparency and accountability for its stakeholders.
- Continuous improvement in client services and operational processes.
- Encourage and promote employee skill and accomplishment, and provide an enabling environment for leadership quality.
- Commitment to gender balance at all levels – Board, Management and Branch offices as well as service beneficiaries.
- Excel in efficiency and effectiveness among the MFIs in Ethiopia.
- Sustainable growth and profitability.
- Passion for poverty alleviation.
- Prudent financial services to the clients
Objectives
- Providing demand driven financial serve for the un-served economically active and the missing middle group of the society, particularly the high school and university graduates, women and jobless youths), small and medium enterprises and the rural peasants
- Creating job opportunity at different level and to contribute to poverty alleviation program of the country.
- To mobilizing both voluntary and compulsory savings as well as demand and time deposits:
- To become successful business entity that secure reasonable profit to shareholders