About KIMS Microfinance
KIMS is the Somalia market leader in the provision of sharia compliant microfinance services.
Since 2014 KIMS has provided $21 million to more than 21,000 micro and small-sized (MSME) clients.
KIMS has included diversification into non finance services such as financial literacy and business training that maximize the social impact of access to finance, provision to productive assets through solar home system loans and innovative use of mobile money in Somalia for managing repayment.
Mission, Vision & Objectives
Mission
To support small and micro entrepreneurs and individuals. especially women and youth, through East Africa to become self-reliant and improve their quality of life by providing high quality, diversified and sustainable financial services that meet their needs.
Vision
All vulnerable population in East Africa have access to financial services to become self – reliant.
Objectives
By 2022 KIMS Microfinance will achieve the following business objectives:
I. Operational Objectives
II. Social Objectives
Operational Objectives– 2022
Increase its active clients base to 24,000 MSEs
Provide cumulative financing to over 80,000 MSEs
Provide cumulative financing totaling $USD 98 million
Have an active portfolio of $USD 27 million
Social Objectives – 2022
Financial Inclusion
60,000 Somali entrepreneurs provided with first-time finance.
Job Creation
KIMS Microfinance financing will stimulate an estimated 75,000 new jobs.
Women's Empowerment
Half of all clients will be female business owners.
Youth Employment
5,000 youth will be provided with start-up business support packages.
Financial Capability
50,000 clients will be provided with financial literacy training to improve their ability to make financial decisions.
Energy Access
At least 5,000 clients will be support to install solar home systems through KIMS Microfinance energy financing scheme.
Serving Vulnerable Groups
5,000 former refugees and internally displaced people will be provided with skills training and financial access.
Rural Outreach
40% of KIMS Microfinance clients will be from rural areas.
KIMS Microfinance
KIMS is the Somalia market leader in the provision of sharia-compliant microfinance services.
Conact Us
info@kimsmfi.com
Hargeisa HQ,
Burji Omaar building,
Main Road, Downtown,
Hargeisa, Somaliland