• BUUSAA GONOFAA MFI
  • Mission of BGMFI
  • Management Bodies of BG
  • Board of Directors
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  • About BUUSAA GONOFAA MFI S.C

    Buusaa Gonofaa Microfinance SC (BG) is incorporated under the Ethiopian law as a profit making Share Company. It is a non-bank financial institution regulated by the central bank; it has license number MFI/11/99 from the National Bank of Ethiopia with a mandate to take deposits from the public at large.

     

    We are a mission-driven organization committed to enabling people unleash their potentials and improve their wellbeing through access to inclusive and appropriate financial services. We are founded in May 1999 and issued our first micro loan (of Birr 300 per borrower or about USD 40) in November 1999. We started with a tiny loan size of birr 300 per borrower (or less than USD 40) and over time we have built a network of 30 branches serving ‘unbanked’ low-income households in rural areas of Oromia region. Currently, we are one of the leading private MFIs in Ethiopia in terms of the number of active clientele base.

     

    We work with target groups that are traditionally viewed as ‘un-bankable’ primarily due to socio-economic barriers. Today, BG MFI serves 72,012 active clients as on Dec'2012, mostly enterprising women and hardworking smallholder farmers that are the back bone of the nation’s bread and butter. In some of these communities, we are the only provider of formal banking services that the clients have ever contacted. That is why even the opportunity to borrow or save the smallest amount of money has a far reaching impact on their ability to take control of their life.

     

     We kindly invite you to explore the following pages to learn more about Buusaa Gonofaa – how we came in to being and why we are here, and about the leadership team whose energy and passion are behind our every effort of supporting people realize their dreams, dreams of building secure livelihoods and living with dignity.


    Mission and Vision of BG MFI

    Mission
    The mission of Buusaa Gonofaa is to provide flexible and sustainable financial service to improve the livelihood of the resource poor households, with particular focus on women, the landless youth and smallholder farmers

    Vision

    Our vision is to build an inclusive financial system that works for all people

    Core Values

    • Team work
    • Transparency
    • Integrity 
    •  Listening
    • Learning
    • Respect and dignity for customers

    Management Bodies of BG

     

    BG’s senior management team has worked together right from the initial formative years of the Company. They have worked together for 7 to 12 years, boasting more than 12 years of combined experience of team leadership and decisively shaping the evolution of the organization. BG’s track records of accomplishment, innovation and healthy growth are clear demonstration that the management team has the competencies and skills to lead the Company as it grows further.

     

    1. Mr. Teshome Yohannes DAYESSO, General Manager

    2. Mr. Mohamed Dema, Operations Manager

     

     

    Mr. TeshomeMr. Teshome Y. Dayesso is the founder-CEO of BG, right from initial idea inception to foundation to licensing through start up and growth up to the present day. Prior to becoming General Manager, he was finance manager of HUNDEE Oromo Grassroots Development Initiative, a local NGO that founded BG. Mr. Teshome is a development practitioner and he has served on the Boards of Directors of national and regional networks of microfinance associations; thus he has broader understanding and insight of the industry as well as development issues as well. He has BA in Business Management from Addis Ababa University.

     

    Mr.MohammedMr. Mohammed has BA in Business Management from Adam University and diploma from Commercial College of Addis Ababa. He joined BG right at its establishment in 1999 as a branch manager, then moving higher up the hierarchy from time to time through deputy operations manager to reach his current position.

     

     

    3. Mr. Tadesse Getachew, Finance Manager

     

    4. Mr.Teferra Challa, HR and Admin Manager

    Mr.TadesseMr. Tadesse Getachew is a professional accountant with BA degree from Mekele University; he has work experience of over 12 years in insurance industry and as Auditor at the Federal Auditor General’s Office, out of this he has worked for more than 4 years with BG. Mr. Tadesse has strong experience in the areas of internal control systems, financial audits, and performance audits; and he has designed and implemented liquidity management system of BG.

     

    Mr.TeferraMr. Teferra Challa has MA and BA degrees in Education Administration all from Addis Ababa University with over 27 years of work experience, from teaching to school principal through zone and regional education bureau leadership up to Vice Dean of St. Mary’s University College in Addis Ababa. He has been dealing with people’s development throughout his career and he is working as BG’s HR Manager for over 3 years now.

     

    5. Mrs. Lelise Bultuma, Risk Manager

     

     

     

    Mrs.Lelise Mrs. Lelise Bultuma, Risk Manager,.

     
     

    Board of Directors

     

    The Board of Directors consists of five (5) members elected from the shareholders. The board brings a mix of professional background and experience that directly adds values to the Company’s double bottom-line objectives: social and profitability.

     

    The rich blend of experience of the Board members includes legal, banking, business management, NGO development works, business development services and value chain

     

    1.Mr.Zegeye Asfaw, Board Chairperson

     

    2.Mr.Muluneh Guta, Board member

    Mr. Zegeye is the founder and Executive Director of HUNDEE Oromo GrassroMr. Zegeyeots Development Initiative, a local NGO that founded BG. Mr. Zegeye is a development practitioner for over 15 years, working on programs that deal with the livelihoods of low-income households at grassroots level. Mr. Zegeye has LLB and MSc in Legal Institutions; he has worked as senior public servant holding ministerial positions, and senior level government, administrative and policy development experience in legal and agricultural land reform, rural development and land settlement, etc

     

    Mr. Muluneh Guta is a board member representing HUNDEE Oromo Grassroots Development Initiative. He has BA in Development Management from Alpha University College, Addis Ababa, and previously he studied banking. Mr. Muluneh is a career banker with over 23 years of work experience in banking industry and currently branch manager of Cooperative Bank of Oromia.

     

    3.Mr.Terfessa Dandana, Board member

     

    4. Mr. Ashebir Kebede, Board member

     

    Mr. TerfesMr.Terfessasa Dandana has B.Sc. in Mathematics and BA in Business Management, and is currently a General Manager of FFARM PLC, a private limited company that provides capacity building and technical assistance services to farmers’ organization, and small business enterprises through institution building and consultancy services. Mr. Terfessa has over 24 years work experience in grassroots development work, establishment of farmers organizations, coaching and capacity building, gender, saving and credit programs.

     

    Mr. Ashebir Kebede has BA in Economics from Addis Ababa University and diploma in commerce. He has over 25 years of work experience in development works in the areas of livelihoods and markets, value chain development, monitoring and evaluation, NGO program management and project design and implementation. Mr. Ashebir currently works as Value Chain Development Senior Office at HUNDEE NGO.


     
         

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