011 668 6911 / 12 / 13 Head Office: Addis Ababa, Ethiopia NBE License: MFI/065/2024

Empowering Lives, Building Futures!

Your Success, Our Commitment! Providing inclusive, technology-driven, and customer-focused financial solutions across Ethiopia.

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0M+ ETB

Outstanding Loan Portfolio

0M+ ETB

Savings Mobilized

0+

Savings Customers

0 Branches

2 Operational Regions

About Our Institution

Licensed by the National Bank of Ethiopia (NBE) to foster sustainable economic empowerment.

Our Vision

Becoming the best, inclusive, sustainable economic and social vehicle in poverty alleviation efforts in Ethiopia and East Africa by 2040.

Our Mission

To provide microfinance services suitable for the population's needs while ensuring long-term institutional sustainability, lifting the economic base of low-income communities and women.

Our Core Values (S-U-C-C-E-S-S)

Staff Commitment

Dedicated employees delivering high-quality services.

Understanding Clients

Providing solutions tailored to client needs.

Continuous Learning

Promoting innovation and continuous professional development.

Continuous Growth

Leveraging technology for optimal efficiency.

Entrepreneurship

Encouraging creativity, self-reliance, and growth.

Sustainability & Social Responsibility

Ensuring long-term viability and driving community progress.

Our Partners

Collaborating with key institutions to widen financial access and community development.

NBE

National Bank of Ethiopia (NBE)

Awash Bank

Awash Bank

Bank of Abyssinia

Bank of Abyssinia

Global Bank

Global Bank of Ethiopia

NBE

National Bank of Ethiopia (NBE)

Awash Bank

Awash Bank

Bank of Abyssinia

Bank of Abyssinia

Global Bank

Global Bank of Ethiopia

Our Operational Branches

Visit our convenient branch locations across Addis Ababa and South West Ethiopia.

Addis Ababa Main Branch (Head Office)

Shola Gebeya Area, Success Building

011 668 6911/12/13

Shola Branch

Shola Gebeya Area

0911331467

Gulele Branch

on the road of Addisu Gebeya

0919177070

Kality Branch

Kality Kafdem 3rd floor

0969895410

Lemikura Branch

On the road of Hayat to 72 Halal building 3rd floor

0942370529

Tercha Branch

South West Region

0927047371

Ameya Branch

South West Region

0987378370

Our Saving Services & Interest Rates

Grow your financial assets safely with industry-leading interest returns.

Fixed Time Deposit

Maximize return on your term investments.

Attractive Interest

Individual Savings

Flexible personal account management.

9% Interest

Mudai (Piggy Bank) Savings

Convenient, structured daily micro-savings.

9% Interest

Children's Savings

Secure the financial future of the next generation.

9% Interest

Corporate / Institutional

Tailored financial growth for organizations.

9% Interest

Student Savings

Empowering scholars to manage educational finances.

9% Interest

Non-Interest-Bearing Savings Accounts Available Upon Request

Our Loan Products

Access capital tailored to grow your enterprise or fulfill personal milestones.

SME Loans

For Small and Micro Enterprise Organizations.

Micro Business Loans

Tailored capital solutions for individual entrepreneurs.

Consumption Loans (Employee)

Financing options designed for salaried personnel.

Consumption Loans (Non-Employee)

Personal credit options for non-salaried applicants.

Agriculture Loans

Empowering agricultural value chain producers.

Fixed Asset Purchase Loans

Capital to acquire essential equipment and property.

Housing Loans

Financing residential acquisition and improvement.

Education Loans

Invest in academic development and tuition requirements.

Climate-Smart Financing

Capital for sustainable practices and green technology adoption.

Rural Financing

Tailored credit solutions for remote economic growth and farming.

Women's Financing

Dedicated capital empowering female-led business initiatives.

Youth Financing

Tailored funding to empower young entrepreneurs and startup leaders.

Announcements

Official notices, press releases, and public announcements from Success MFI.

Notice of Annual General Meeting (AGM)

August 2026

All shareholders of Success Microfinance Institution S.C. are cordially invited to attend the upcoming AGM scheduled at the Head Office.

Read Full Notice

Expansion of Branch Operations

July 2026

We are excited to announce the official opening of two new service outlets in the South West Ethiopia Region.

Read Announcement

Success Microfinance Company Profile

Oct 2026

Licensed by the National Bank of Ethiopia, Success Microfinance Institution S.C. drives financial inclusion and community growth through trusted, values-led financial services.

Success Microfinance Company Profile PDF File

Financial & Annual Reports

Access our transparent financial statements and annual performance summaries.

Annual Report 2025/2026

Audited financial performance, operational achievements, and strategic governance summaries.

Download PDF

Quarterly Performance Statement

Q2 performance indicators, savings mobilization numbers, and credit outreach metrics.

Download PDF

Memorandum of Association (MOA)

Constitutional document outlining legal operations under National Bank of Ethiopia guidelines.

Articles of Incorporation & Legal Framework

Success Microfinance Institution Share Company (SMFI S.C.) is established under NBE License MFI/065/2024. The Memorandum of Association specifies governance frameworks, capital provisions, operational scope, and shareholder commitments aimed at sustainable micro-financial expansion.

Download Official MOA Document

Standard Tariffs & Service Charges

Clear, transparent breakdown of interest rates, service fees, and account processing terms.

Service / Product Category Interest / Rate Structure Processing Fee
Fixed Time Deposit Accounts Attractive per annum Free
Standard Savings (Individual, Child, Mudai) 9% per annum Free
Micro Enterprise Credit Services Competitive Standard NBE Rate 1.0% setup fee
Salary-Based Consumer Loans Competitive Standard NBE Rate 1.5% setup fee

Accepted Types of Loan Collateral

We accept flexible collateral models to widen access to our credit programs.

01

Group Guarantee

02

House (Residential Property)

03

Salary-Based Guarantor

04

Motor Vehicle (Model 2010+)

05

Share Certificate

06

Savings Account

07

Tripartite Agreement

08

Association / Organization Guarantee

09

Iddir (Community Association)

10

Rural Land

News & Articles

Insights, updates, and news on microfinance and financial inclusion.

Governance & Leadership

Guided by an experienced Board of Directors and an executive Management Team.

Board of Directors

DC Assfea
Board Chairperson

Assefa Tofu (PhD)

Lead executive chairperson guiding strategic direction, regulatory compliance, and institutional vision.

Board Member 1
Vice Chairperson HRM and Business Development Committee-member

Dr. Birhanu Belayneh

Associate Professor of Leadership at Ethiopian Civil Service University (ECSU). Former Vice President at ECSU and Dilla University.

Board Member 3
Board Member Internal Audit Sub-Committee-chairman

H.E. Amb. Teruneh Zenna

Veteran Ethiopian diplomat and former Chief Commissioner of the Ethiopian Human Rights Commission (EHRC).

Board Member 2
Board Member HRM and Business Development Committee-member

H.E. Amb. Asfaw Dingamo (PhD)

Senior diplomat and government official with broad experience in water, energy, international relations, and regional development.

Board Member 1
Board Member Risk and Compliance Management Sub-Committee-Secretary

Prof. Afework Kassu

Director General of Armauer Hansen Research Institute (AHRI). Former State Minister of Science & Higher Education and Foreign Affairs.

Board Member 4
Board Member Risk and Compliance Management Sub-Committee-Chairman

Ato Mitiku Bogale Bungudo

General Management Specialist (MBA). Over 28 years of banking experience across CBE, Bank of Abyssinia, Lion Bank, and Nib International Bank.

Board Member 4
Board Member HRM and Business Development Committee-Chairman

Ato Abebe Areru

Corporate Communication & Customer Relations Expert. Over 25 years of operational and managerial experience at Ethiopian Airlines.

Board Member 3
Board Member Risk and Compliance Committee-member

Dr. Terefe Zelleke

Assistant Professor & Deputy CEO at Ethiopian Management Institute. PhD in Public Management with extensive national project oversight experience.

Board Member 2
Board Member Internal Audit Sub-Committee -Secretary

Dr. Mesele Nigusie

Medical Doctor and Public Health Specialist. Medical/Clinical leadership background and General Manager at Endrasie Medium Clinic.

Management Team

Executive Management Team.

Ato Mengestu

Ato Mengestu Turi

Chief Executive Officer (CEO)

Directs overall strategic growth, institutional vision, regulatory compliance, and operational execution.

Selam

Selamawit Mekuria

HR Manager

Leads talent acquisition, employee development, organizational culture, and HR policy enforcement.

Shalom

Shalom Ataro

Operation Manager

Oversees branch management, credit delivery, loan portfolio quality, and collateral appraisals.

Mahlet

Mahlet Mekonnen

Internal Audit Manager

Ensures compliance, risk management, regulatory alignment, and institutional governance integrity.

Sara

Sara Belachew

Finance Manager

Manages financial planning, accounting systems, budget execution, and regulatory reporting.

Gedion

Gedion Dawit

IT & MIS Manager

Oversees core banking technology, network infrastructure, data security, and digital systems.