About Us
About Us
Financial Access for all
Himilo Microfinance Institution was born out of a desire to improve both the quality and accessibility of financial services available to poor and unbanked Somalis.
We are microfinance institution that provides sharia compliant products and services. We offer much – needed financial services t economically active poor and low-income households, small scale entrepreneurs especially women, youth and nascent businesses, who would otherwise not have access to such services.
Women & Youth
Technology Focused
No Collateral
Women & Youth
Himilo MFI is committed to provide affordable financing to women and youth with flexible repayment terms. Clients will be given a range of affordable and flexible solutions to choose from. This will in turn lead to more uptake of the products and services.
Technology Focused
Himilo MFI is technology focused (Data driven), taking advantage of new
technologies to improve the quality of service to clients. We are the first MFI to go 100% mobile, enabling clients to repay their loans using existing Mobile Money Facilities, such as SAHAL, EVC, and E-DAHAB, YEEL, T-Plus, and MyCash Mobile Money.
No Collateral
Himilo investment eligibility requirements are encouraging the poor to access financial services due to the lack of collateral requirements, which are hard to meet in many poor and low-income households, businesses, and individuals.
Our client needs are treated with the highest standards of care that promote human dignity and customer experience.
We walk with you
Our Strengths
Changing the Financial playing field
Access to credit in Somalia for many of the poor, low-income households, and the business they manage are all too starved often for finance. In Somalia there are number of commercial banks who offer investment for business but with hard to meet requirements including collaterals, grantors and many more.
Ensure Shariah principles’ compliance within our people, products and services
90%
Consistently innovate products and markets radically
95%
Build loyalty and reputation with our customers
80%