Microfinance in Ethiopia

Microfinance in Ethiopia

Background

On March 18, 2004, Aggar received a license to conduct commercial private microfinance in the nation, and it commenced operations in April of that same year. It was started by Ethiopian Shareholders to address the MSEs, or “missing middle” as it is sometimes referred to. The creators intended to address both social and business goals. 443 stockholders contributed the paid-up capital of Birr 4,243,600.00 to the founding of Aggar. The company now has more than 750 shareholders, more than $250,000,000 in paid-up capital, and more than 410,000,000 in total assets.

Vision:

“To be the most favored and pioneer private microfinance that services the missing middle in Ethiopia,” is Aggar’s stated goal.

Mission

The goal of Aggar is to “provide the missing middle with fast, affordable, demand-driven financial services on a sustainable basis to improve their wellbeing and to generate profit for its shareholders by utilizing qualified and motivated staff and high tech services.”

Aggar wants to do the following.

• Provide active impoverished people in rural and urban regions with dependable, high-quality financial services;

• Promote self-employment and other sources of income;

• Encourage micro and small businesses in both urban and rural areas;

• Encourage the target group and the general public to adopt a saving culture;

• Possession

More than 750 stockholders contributed more than Birr 250 million as paid-up capital to own Aggar Microfinance S.C.

General Meeting

Annually, the general assembly of shareholders gathers to hear the report from the board of directors and external auditors, make decisions on it, and set strategic priorities. To date, fifteen regular annual general meetings and ten extraordinary meetings have been held to examine the directors’ and external auditors’ reports and to raise the company’s capital.

Committee of Directors

The Company’s seven Boards of Directors, who were chosen by the General Assembly, meet periodically to monitor and debate its operations. They gave their approval to the policy and procedure documents required to run the company. Additionally, they oversee management as it carries out the authorized strategic plan and assesses management’s effectiveness in light of the objectives and timeline specified in the plan. The Board’s members have extensive backgrounds in a variety of professions, including three master’s degrees, three degrees, and one diploma.

AGGAR Microfinance in Ethiopia

Aggar Micro Finance would like to invite qualified and competent applicants to apply for the various vacant positions listed below.

  • Position 1: Branch Cashier
  • Position 2: Branch Accountant II
  • Position 3: Credit & Savings Officer II
  • Position 4: System Administrator
  • Position 5: Branch Manager I

Position 1: Branch Cashier

Knowledge Competencies and academic background:

A college diploma/TVET level 4 in accounting and finance or a related field is required.

Work Experience: A minimum of two years of relevant work experience is required.

While registering, work experience must be verified and presented in writing.

6 is the required number.

Work location: Addis Abeba, Oromiya, and Sidama Region

Branch Accountant II (position 2)

Competencies and educational background:

BA Degree/College Diploma in Accounting and Finance or a related field is required.

Work History:

4/6 years of relevant work experience in financial institutions is required.

While registering, work experience must be verified and presented in writing.

6 is the required number.

Work location: Addis Abeba, Oromiya, and Sidama Region

 

Credit & Saving Officer II is the third position available.

Competencies and educational background:

BA/College Diploma/TVET in Management Accounting or a related field is required.

Work Experience: 2 to 4 years of relevant experience in financial institutions is required.

While registering, work experience must be verified and presented in writing.

6 is the required number.

Work location: Addis Abeba, Oromiya, and Sidama Region

 

System Administrator (position 4)

Competencies and educational background:

BSC in Computer Science, Information Technology, or a related field

Work History:

2 years of relevant experience in a similar position is required.

Database Administration Experience

Experience with system development in C#, PHP, VB, and Java is preferred.

Database Administration and programming certification is advantageous.

While registering, work experience must be verified and presented in writing.

Workplace: Head Office

 

Branch Manager I Position 5

Competencies and educational background:

A bachelor’s degree in marketing, management, economics, accounting, or a related field, is required.

Work Experience: 5 years, 2 of which were spent as managers in financial institutions.

While registering, work experience must be verified and presented in writing.

6 is the required number.

Work location: Addis Abeba, Oromiya, and Sidama Region

How to Apply

The deadline is October 5, 2023.

Application Method

Interested applicants who meet the above requirements are invited to submit their application letter and CV, along with non-returnable credentials, to the Head Office Human Resource & Administration Office Lideta, near Balcha Hospital, Dama House 3rd floor, Office Number 302.

P.O. Box 316, code 1250;

Tell: 0115-57-95-89.

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