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Oromia Credit & Saving S.C. (OCSSCO) is one of the largest & leading Microfinance Institutions in Ethiopia. The company was first established as Oromia Credit & Saving Rural Schemes Development Project/OCSRSDP/ under Oromo Self Help Organization/OSHO/on January 1, 1996 and later grown to a microfinance institution on August 4, 1997 getting its current name - OROMIA CREDIT & SAVING S.C. 

Today, OCSSCO has 339 branches operating mainly in the regional state of Oromia, Harar, Finfine (Addis Ababa) and Dire Dawa. In the past 20 years, the company has also been able to register tremendous achievements in all its operations and capital formation. Its capital and assets have currently grown to 2.1 Billion ETB & 8.71 Billion ETB respectively. Similarly, the company has demonstrated notable performances in expanding client outreach, enhancing disbursement and saving mobilization.

VISION 

Aspire to be world class MFI contributing to economically empowered and transformed society.

MISSION

Provide affordable, innovative and customers responsive financial services to rural and urban economically active people to improve their income

MAJOR SERVICES

1. Credit Services

Company has been offering diversified loan products to its customers. Solidarity group based loan, MSE Loan, Business loan, WDEP Loan, General purpose loan, Business Loan, Housing loan and Interest Free Finance are the major loan products of the company.

• Solidarity Group Based Loan (SGBL)

SGBL is a microloan that self organized groups in rural and urban settings are eligible to borrow through group liability. It targets all segments of low income population but mainly women and unemployed youths.

• Micro and Small Enterprise Loan (MSEL)

MSEL targets higher education institution graduates as well as other unemployed youths or individuals who establish one of business entities such as Cooperatives, Sole proprietorship, Partnership, Share Company and Private Limited Company.

• Business Loan (BL)

BL is a loan type that offered to individual or group business runners. The operators need to present matching collateral for their loan request i.e. obviously legal urban house.

• Women Entrepreneurs Development Program Loan (WEDP)

WEDP loan intends to enhance women owned individual businesses or enterprises through ensuring financial support. The main targets are individual businesses owned by women and of organized women enterprises that are in operation for at least 6 months.

• General Purpose Loan (GPL)

GPL is a loan product for permanent employees of government and non government organizations that borrowed for any personal affairs through presenting equivalent salary guarantee.

• Housing Loan (HL)

This is a housing loan for employees to contribute toward the efforts that have been made by government in reducing the housing problems in towns. HL is provided to permanent government and non-government employees, police forces and government appointee officials who can present required guarantee or collateral.

• Interest Free Finance (IFF)

IFF is finance services delivered to clients who don’t want to borrow with interest due to their religion. The service is offered in consistent with Islamic (Sheria) finance principles. OCSSCO provides interest free finance known as Murabaha Financing which is an asset-based sale transaction used to finance goods.

• Micro and Small Enterprise Loan (MSEL)

MSEL targets higher education institution graduates as well as other unemployed youths or individuals who establish one of business entities such as Cooperatives, Sole proprietorship, Partnership, Share Company and Private Limited Company.

• Business Loan (BL)

BL is a loan type that offered to individual or group business runners. The operators need to present matching collateral for their loan request i.e. obviously legal urban house.

• Women Entrepreneurs Development Program Loan (WEDP)

WEDP loan intends to enhance women owned individual businesses or enterprises through ensuring financial support. The main targets are individual businesses owned by women and of organized women enterprises that are in operation for at least 6 months.

• General Purpose Loan (GPL)

GPL is a loan product for permanent employees of government and non government organizations that borrowed for any personal affairs through presenting equivalent salary guarantee.

• Housing Loan (HL)

This is a housing loan for employees to contribute toward the efforts that have been made by government in reducing the housing problems in towns. HL is provided to permanent government and non-government employees, police forces and government appointee officials who can present required guarantee or collateral.

• Interest Free Finance (IFF)

IFF is finance services delivered to clients who don’t want to borrow with interest due to their religion. The service is offered in consistent with Islamic (Sheria) finance principles. OCSSCO provides interest free finance known as Murabaha Financing which is an asset-based sale transaction used to finance goods.

2. Saving Services

OCSSCO offers different saving products identified as Regular, Handhura (minor saving), Sebeta Ayo (women saving), Sorema (pension saving), Wadia Saving, Coin box saving, Fixed Time Deposit and Current Account. The following table shows the distinct features of each.

3. M-Birr Services

OCSSCO provides M-BIRR service which is a mobile money service that allows customers to do financial transactions from the convenience of your mobile phone at anytime from anywhere. This service enables customers to;

• • Deposit cash at an agent
  • Withdraw cash at an agent
  • Transfer money
  • Buy mobile top up
  • Pay bills
  • Buy goods
  • Repay loans
  • Check balance
  • Get a statement

“There is no need to travel or queue. As long as you have money on your account you can transact from the convenience of your phone.”

4. Fund Administration Services

OCSSCO administers third part funds. The company and several partners’ with common objectives have been jointly providing of micro credit for different purposes like solar energy, biogas, etc.

 W.A. Liqii fi Qusannaa Oromiyaa

የኦሮሚያ ብድርና ቁጠባ አ.ማ

Oromia Credit & Saving S.C. (OCSSCO)