WASASA Microfinance

Start Year:
2017
End Year:
2019
Country:
Ethiopia
Region:
Africa
Budget (€):
70,000
Budget range (€):
5.000 - 100.000
Sector:
Banking, Credit, Insurance
Type of Activity:
Consulting (i.e. advocacy, organizational, ICT, etc.)
CEDP Organisation: Lead Organisation(s):
BRS
Cera
KBC
Partners:
Wasasa

Project Objectives

Development and commercialization of savings products and the development of cash flow based agricultural finance. Besides, ALM, Insurance product development, HR (trainings, corporate culture, sales force management) and project management (roll-out of pilot projects) have also been identified as potential areas of cooperation.

Summary

WASASA emerged from its mother NGO known as Oromo Self-Reliance Association (OSRA). Since then it has been working with the poor communities by providing savings and credit services. At present, it is operating in 44 Woredas of Oromia National Regional State with a plan to expand every year. As of June 30, 2016, the total number of active clients has reached about 120,000 households. The great majority of Wasasa’s clients come from rural and semi-urban poor whose livelihood is based on subsistence farming and related activities.
The vision of Wasasa MFI is to make money/capital no more a constraint for the poor. The mission of Wasasa MFI is to provide sustainable financial services to the active poor in order to employ capital for poverty alleviation.
 

 

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