Minnesota, USA – In a significant gathering that underscored the importance of collaboration between diaspora communities and local institutions, Himilo Microfinance Institution (Himilo MFI) met with the Somali community in Minnesota to discuss Somalia’s ongoing development and the institution’s role in fostering economic growth, particularly among women and youth.
The meeting, held on March 3, 2025, in Minneapolis, brought together community leaders, business owners, and residents of Somali descent, as well as Himilo MFI representatives. The discussion centered on how Himilo Microfinance is actively contributing to Somalia’s economic advancement, with a particular focus on empowering marginalized groups through financial services, education, and entrepreneurship opportunities.
One of the key topics was the pivotal role of women and youth in driving sustainable economic growth in Somalia. Himilo MFI officials explained how their microfinance programs have created a platform for women entrepreneurs to access the financial resources needed to start and expand businesses. These initiatives aim to challenge traditional gender roles and provide women with the tools to build prosperous futures for themselves and their families.
Similarly, youth were highlighted as a critical demographic in Somalia’s economic transformation. Himilo representatives emphasized their commitment to strengthening ties with the Somali diaspora, stressing their collaborative approach to development and economic growth.
“We believe in the power of community and collaboration,” said Mr. Yasin Mohamud, Co-founder and member of the board at Himilo Microfinance. “Our goal is not just to provide financial services but to build lasting relationships that will help lift up the next generation of Somali leaders.”
As the event concluded, it was clear that both Himilo Microfinance and the Somali community in Minnesota are dedicated to creating sustainable economic opportunities for Somalia, especially for women and youth. Himilo MFI officials encouraged the Somali diaspora to remain engaged in dialogue and explore ways to contribute—whether through business partnerships, investments, or mentorship.
The meeting ended with a shared sense of optimism and commitment to continuing the work already underway, with many participants eager to take part in future initiatives aimed at driving economic change in Somalia and beyond.
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