Our Story


The Company

Established on June 2014, Rays Microfinance Institution S.C. was an inception of few individuals that had a deep-rooted desire to contribute to and play a role towards mitigating the vulnerability and poverty of low-income people country in general and in Somali Region in particular. They had a well-developed experience in the areas of business and developmental endeavours, and have good understanding about the contribution and the role of access to finance in mitigate the vulnerability and poverty of low-income people. Thus, they shared their idea to like-minded fellows that gained remarkable acceptance, which in turn led to the establishment of Rays Microfinance Institution S.C.

Objectives of Rays MFI

Our objective is to provide appropriate and modern financial services backed with modern technology to the rural and urban community.

Mission

Our mission is to improve the livelihood of the community by providing accessible, convenient, and appropriate financial services.

Vision

Our vision is to become a leading financial service provider in Ethiopia

Our Services


Project Title

Murabaha

Murabaha for financing goods, machineries, equipments and livestock trade. We use Salam for financing farming activities, manufacturing etc. We use Istisna for financing agriculture, construction, small industries, machineries, etc.We use Ijara to finance non-consumable assets.

Project Title

Salam

Salam is a forward sale contract wherein out customer undertakes to deliver certain goods on a future date in return for the full price paid in advance.

Project Title

Ijara

Ijara means leasing. it is a transfer of usufruct of usable but non-consumable assets in exchange of rent.
we use ijara to finance non-consumable assets.

Contact Us


Contact Info

Address

Kirkos Sub-city, Around Wollo-Sefer, next to Medco Bio Medical College, Fetle Building, 5th Floor
P.O.Box: 497, Code 1110
Addis Ababa, Ethiopia

Email

info@raysmfi.com

Phone

+251 11 470 1834

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