About Us

Our History

Founded in 2021 to Bridge the Financial Gap

Licensed by the Central Bank of Somalia, Himilo MFI is a pioneering Shariah-compliant institution dedicated to enabling underserved communities to thrive within the formal financial sector.

We empower women, youth, and entrepreneurs with tailored, customer-centric solutions. By understanding the unique needs of the Somali community from within, we provide the support necessary for dreams and ideas to succeed.

2021
Year Founded
100%
Shariah-Compliant

We walk with you towards greatness!

Meeting you at your level and growing with you through a strong business foundation.

Our Mission

Delivering innovative, Shariah-compliant financial solutions that empower Somali communities to become self-reliant.

Our Vision

To be the leading customer-centric microfinance institution in the Horn of Africa, advancing financial inclusion and prosperity.

Operating Context

Somalia's Financial Landscape

Somalia is maturing into a functional financial sector. However, a significant gap remains between demand and supply for credit, estimated at $2 billion USD.

Currently, about two-thirds of businesses rely on informal sources like family and friends. Bridging this gap will position Somalia's private sector as a regional leader.

$2B

Credit Gap

⅔

Informal Finance Dependents

The Opportunity

Himilo MFI provides the missing link, offering formal, Shariah-compliant microloans and financial education to those previously unbanked.

Our Approach

What Drives Our Work

Innovation

Creative and disruptive solutions to overcome traditional loan eligibility barriers.

Access

Easily accessible credit facilities that empower low-income communities.

Tech Driven

Expanding service outreach to rural areas via digital transformation.

Inclusivity

Promoting financial inclusion for women, youth, and the underbanked.

Values

Our Core Values

Customer Centricity
Integrity
Trust
Transparency
Innovation
Governance

Organizational Structure

A robust governance framework ensuring Sharia compliance and operational excellence.

  • Board of Directors
    Independent
    • Sharia Board
      Advisory
    • Internal Audit
      Advisory
    • Chief Executive Officer
      Executive Leadership
      • Operations Manager
        Management
        • Credit Manager
          Lending
          • Loan Officers
            Field Staff
        • Marketing &
          Customer Relations
          Department
        • ICT Office
          Technology
        • Admin & Finance
          Manager
          Finance & Admin
          • Human Resources
            HR
          • Procurement &
            Logistics
            Supply Chain
        • Risk & Compliance
          Governance

Himilo Contributes to Sustainable Development Goals

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

Want to learn more about our financial products?

Explore our range of Sharia-compliant financing solutions designed for you.

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