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The Association of Ethiopian Microfinance Institutions (AEMFI) was established in
June 1999 as a non-profit non-governmental organization after its legal registration
by the Ethiopian Ministry of Justice. It was initially established by four microfinance
institutions (MFIs) namely Dedebit Credit and Saving Institution S. Co. (DECSI),
Amhara Credit and Saving Institution S. Co. (ACSI), Oromia Credit and Saving Institution
S. Co. (OCSSCO) and Omo Microfinance Institution (OMFI) to serve as an experience
and information sharing, networking, training, promotion, and policy dialogue forum
for these and other emerging MFIs. Currently AEMFI has 27 member MFIs providing
microfinance activities in the areas of credit delivery, saving, money transfer,
and pension payment services in 8 of the 11 regional states/administrative organs
of the EFDRE namely: Tigray, Amhara, Oromia, Benishangul-Gumuz, SNNP, Dire Dawa,
Harari and Addis-Ababa. AEMFI is governed by a general assembly, a board of directors,
and full time executive staff.
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