Licensed by Central Bank of Somalia

Finance Access
For All

Himilo MFI is more than a financial service provider—we are a community partner dedicated to helping people build better lives through Sharia-compliant, ethical, and inclusive finance accessible for all.

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Clients Served

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Jobs Created

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Women Empowered

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Main Branches

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Agency Banking

Himilo Empowered Entrepreneurs
30,000+ Lives Impacted
"We have a firm grasp of the financial needs and demands of the Somali community because we come from it ourselves."
Himilo Microfinance
2021
EST.

Affordable Accessible Financial Services

Himilo Microfinance Institution (Himilo MFI) was founded and licensed by the Central Bank of Somalia in 2021 with a clear purpose: to improve the affordability and accessibility of financial services for poor and unbanked Somalis. We empower economically disadvantaged individuals—particularly women, youth, and small business owners—by offering a range of tailored Shariah-compliant financial solutions.

Women & Youth

Committed to affordable financing with flexible repayment terms

100% Mobile

First MFI to go fully mobile via SAHAL, EVC, E-DAHAB, and more

No Collateral

Encouraging the poor to access financial services easily

Sharia Compliant

All products designed in line with Islamic banking principles

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Tailored Financial Solutions

Our products and services target youth and women in trade, agriculture, livestock and fisheries — representing almost 70% of Somalia's population.

Top Rated

SME Financing

Affordable, Sharia-compliant financing to support micro, small, and medium enterprises manage working capital, expand operations, and purchase equipment.

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Asset Financing

Supports individuals and business customers to purchase assets such as Cars, Bajaj, Motorbikes, and plant machinery with no collateral and flexible terms.

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Fisheries Financing

Fisheries Financing

Enabling fisheries traders, especially women and youth, to upscale their business with finance for expansion, working capital, and equipment.

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Livestock Financing

Livestock Financing

Enabling livestock traders especially women and youth in livestock business for meat, butcheries and dairy products with flexible financing.

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Agribusiness Financing

Agribusiness Financing

Designed for small-scale farmers and traders of agriproducts to increase productivity and income from farming.

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Renewable Energy

Renewable Energy

Promoting sustainable energy use through financing for solar systems and energy-efficient equipment for households and businesses.

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SHG / VSLA Groups

SHG / VSLA Groups

Empowering self-helping groups through group enterprises, working capital, and promoting collective responsibility and financial literacy.

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Empowering Through Targeted Savings

Flexible and accessible savings solutions designed to help women, youth, and businesses achieve their financial goals.

Saharla Savings

Saharla Savings

A specialized savings account for women, supporting their journey toward financial independence and personal milestones.

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Shuruq Business Saver

Shuruq Business Saver

Designed for aspiring entrepreneurs and small business owners to build the capital needed to launch or grow their enterprise.

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Kobciye Youth Savings

Kob'iye Youth Savings

Empowering young people to grow their income, launch businesses, and support their families' vocational and educational goals.

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Active Clients

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Women Outreach

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Main Branch Offices

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Total Disbursed (USD)

How We Make A Difference

We approach business in a creative, disruptive and empowering manner to solve the difficult loan eligibility criteria that commercial banks impose.

Innovation

Approach business in a creative, disruptive and empowering manner to solve the difficult loan eligibility criteria process.

Access

Avail an easily accessible and affordable credit facility that encourages the low income communities.

Tech Driven

Use technology to expand financial services outreach to rural areas not served by commercial banks, NGOs and other MFIs.

Inclusivity

To promote financial inclusion in Somali society — the majority of economically active poor, women, youth and disabled are unbanked.

Himilo Contributes to Sustainable Development Goals:

SDG 1 No Poverty SDG 2 Zero Hunger SDG 5 Gender Equality SDG 8 Decent Work SDG 8 Decent Work SDG 8 Decent Work SDG 17 Partnerships

Real Stories, Real Impact

See how Himilo's financial services are transforming lives and businesses across Somalia.

Faysal Ahmed Said — Scaling Livestock Trading in Garowe
Faysal Ahmed Said is a livestock trader from Garowe who dreamed of expanding his business beyond the local market. Himilo Microfinance provided Faysal with a livestock financing facility, which enabled him to purchase larger herds and tap into regional markets.Within months, his trading volume tripled. He now employs two assistants and has become a respected figure in the regional livestock trade.
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Mama Mahado — Improved Harvest Through Micro-Agricultural Loans
Mama Mahado is a small-scale farmer who had been struggling with low yield harvests for years. Through Himilo's agribusiness financing program, she received a micro-agricultural loan that she used to purchase improved seeds, basic irrigation equipment, and storage solutions.The results were transformative — her harvest yields improved significantly, and she was able to sell surplus produce in the market. She can now sell to others and save for the future.
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Amina Osman — Scaling to Global Wholesale
Amina Osman, an entrepreneur from Garowe, started with a small retail shop but struggled to grow due to limited capital and lack of collateral. Her breakthrough came through Himilo Microfinance, which provided her with a first loan to expand her inventory and increase sales.After successfully repaying the loan, Amina secured a second one, allowing her to source clothing from Mogadishu and Dubai. She transitioned into wholesale, supplying other traders and expanding her market reach. Today, Amina runs a thriving wholesale and retail business, improving her family's livelihood and inspiring others.
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News & Events

Himilo Microfinance Institution Successfully Disburses Asset Product To Laacdheere Group
March 18, 2025
Himilo Microfinance Institution Successfully Disburses Asset Product To Laacdheere Group

Himilo Microfinance Institution has successfully disbursed the asset product to the Laacdheere group, a key beneficiary under the Program Credit …

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Himilo Microfinance Disburses Agricultural Asset Product To Cuun Group For Financial Inclusion In Somalia
March 04, 2025
Himilo Microfinance Disburses Agricultural Asset Product To Cuun Group For Financial Inclusion In Somalia

Himilo Microfinance Institution (MFI) has successfully disbursed the asset product to the Cuun group, a key beneficiary of the Program …

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Himilo Microfinance Institution Hosts Discussion With Somali Community In Minnesota On Its Role In Development
March 03, 2025
Himilo Microfinance Institution Hosts Discussion With Somali Community In Minnesota On Its Role In Development

Himilo Microfinance Institution (Himilo MFI) met with the Somali community in Minnesota to discuss Somalia's ongoing development and the institution's …

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Our Partnerships

Collaborating with leading international organizations to drive financial inclusion across Somalia.

Ready to grow your business?

Get accessible, affordable, and Sharia-compliant financing today. No collateral required.