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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... Read More »