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Core Function

PEACE MFI is engaged in the delivery of both Savings and loan services.  


National Bank of Ethiopia issued a directive in connection with GTP-2 which states the saving amount should be equivalent to the loan outstanding of MFIs in the final year of the Growth Transformation Plan.

Thus, it is high time to focus more on saving mobilization from the general public (voluntary saving) in addition to the existing saving products. Particularly, we need to provide different saving product options that satisfy the interest of clients.

The major objectives of the saving amendment is double fold firs to meet the GTP-2 plan and to fight the loan fund shortage as saving is the best source of fund for lending.

The proposed saving products are amended  here under:

1. Mandatory saving- 12% of the loan disbursement before loan disbursement, its deposit interest rate is 7%.

2. Regular Saving – Minimum of Br.30 for first cycle clients and its amount will be increased as clients transferred from one cycle to another cycle. The minimum additional amount shouldn’t be less than Br. 10 for each cycle. Its deposit interest rate is 7% clients are encouraged to deposit more than the minimum deposit amount.

3. Voluntary saving for adult minimum opening balance will be Br. 50; its deposit interest rate is 8%. Clients are encouraged to deposit more than the minimum deposit amount.

4. Lenege  Child  &  youth saving minimum opening balance is Birr 20, deposit interest rate is 8% ( For a child whose age from one day to 24 years old ). Clients are encouraged to deposit more  than  the minimum deposit. Parents of custodians can bring birth certificate, or evidence of birth from hospital, Clinic or health center.

5. Special purpose saving for children. Deposit for children and youth up to 18 years age, the deposit interest will be 9% annually. This saving is on agreement and will not be withdraw able before the children age reach 18 years. If the deposit is withdraw able before the age of child is 18 years of age the interest rate will be changed to 8%. The minimum account opening amount will be Birr 1000.

6. Box saving . Box will be distributed for potential and able clients to facilitate their daily saving at home. They will get into special agreement with branches to make permanent deposit at their convenient place. The deposit interest rate for this box saving will be 8% per annum.

7. Time deposit: Its opening balance will be Br. 10,000.

· · For a period of six months’ time for Br. 10,000 – 100,000, deposits interest rate will be 8.5% per annum.

· For a period of  12 months’ time for Br. 100,00 – 100,000, deposits interest  rate  will be 9%  per annum.

· F· For a period of six months’ time for Br. 100,001 – 500,000, deposits interest rate will be 9% per annum.

·Fa period of 12  months’ time for Br. 100,001 – 500,000, deposits interest rate will be 10% per annum.

· Fa period of   six months’ time for Br. 500,001  up Birr  1000,000, deposits interest rate will be 10% per annum.

For a period of   12 months’ time for Br. 500,001  up Birr  1000,000, deposits interest rate will be 11% per annum.

· For the amount deposited above Br. 1000,000 for the period of 12 months and above, the  interest rate will be 12% per annum.

8. Special event saving : It is a saving that will be deposited on regular basis monthly with a fixed amount of money regularly starting from Br.1000. It is a block account for agreed period of time between the client the clients and the Institution. The minimum agreed time will be for six months and the maximum will be agreed with clients.

In this saving type the deposit interest will be calculated 9% per annum on the existing balance which the client deposited.

All borrowers must pay the cost for passbook sales at time of account opening, while all other voluntary and time deposit savers will not require paying at time of opening. However, if savers close their account, the cost of passbook cost must be deducted from their balance.


This above is policy is approved by the Board of Directors to be effective from October 11 , 2017.

About Us


Core Values

Ø Women economic empowerment

Ø Quality services

Ø Rural focused

Ø Clients centrality

Ø Teamwork

Ø Social responsibility

Ø Transparency

Ø Accountability

Ø Commitment

Ø Saving led

Ø Children and youth inclusive



Products of PEACE Microfinance S.C

Saving Products

PEACE Microfinance has saving products with different features. These are;

1. Mandatory Saving

2. Regular Saving

3. Voluntary Saving

4. Special Event Saving

5. Special Purpose Saving for Children.

6. Box Saving

7. Time Deposit

8. Lenege Child & Youth Saving

Loan Products

PEACE Microfinance S.C provides the following loan products for individuals and groups.

1. Agricultural loan

2. Non-Agricultural loan

3. Employees Loan

4. Asset Loan

5. Short Term Loan

6. Small and Medium Enterprise Loan and

7. Energy Efficient Product Loan

8. Women Enterprise Development Program (WEDP) loan

9. Clean and Safe water loan

10. Smallholders Irrigation Finance


To serve entrepreneurs and economically active people by providing environmentally suitable, innovative, sustainable, women-focused, and quality financial and non-financial services to improve the livelihood of the society by bridging the gap in financial inclusion.


Core Value

PEACE MFI S.CO stands for prudent business practice and committed to applying best micro financing practices in all of its operation areas.  The operation slogan “save regularly, borrow for profitable business and repay on time” will be used in the social promotion of the company, and the company values its esteemed clients to be empowered, motivated and encouraged in the poverty reduction through full participation of the poor. PEACEMFI S.Co. provides quality, competitive and affordable by the poor.  The value of consisting at least 85% of female clients in its program is one of the core value for poverty reduction and community empowerment at wider scale.  The company has zero tolerance for delinquency and default.



Ø Provide increased access to financial services to the productive poor, empower them through viable activities and attain food security at household level

Ø Contribute to transformational and sustainable development by working towards permanent job creation and profitable productive activities with integration to rural development programs

Ø Promote saving mobilization

Ø Create an enabling environment for more positive impacts

Ø Provide competitive quality and efficient services on continuous basis and

Ø Mature financial intermediary by charging appropriate fees and interest.



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Partners & Linked Organizations

Agriservice Ethiopia


Women's World Banking


Microfinance Information Exchange

Planet Rating 

Micro Finance African Institution Network (MAIN)

Association of Ethiopia Microfinance Institution

Existing Clients

PEACE Achievements

PEACE has achieved a competitive position in the Ethiopia MF sector through a focus strategy that targets rural low income women.  It has experienced significant growth during the past years and the market still has a high level of unmet demand.