AEMFI is a member-based association. AEMFI’s regular membership is open to all legally registered MFIs. Besides NGOs, banks, donors and other institutions and individuals that have interest in the sector can join the association. AEMFI plans to have three categories of members:

Regular Members - This consists of any MFIs, which are licensed and registered by the NBE as per Proclamation No.40/96. The institution should have been effectively providing services for a minimum period of six months. Currently all these members pay a membership fee of 2,500 Birr per year. Currently AEMFI has 27 such members that benefit from its services. It is the regular members that constitute AEMFI's general assembly and board of directors.

Associate Members – This consists of institutions that are directly or indirectly involved in microfinance activities. Associate members also benefit from the services of AEMFI though they do not participate in the general assembly and the board. These members will contribute towards the financing of the activities of AEMFI at a rate of Br 2,000 per year.

Honorary Members – these include organizations and prominent individuals that would be selected by AEMFI, its board, or general assembly given that they contribute positively and support the fulfillment of the objectives of the association. They are not required to pay any membership fee.