Dire Microfinance Institution has officially inaugurated a new branch in the Bole Michael area of the capital, Addis Ababa.
The opening reflects the institution’s continued commitment to expanding access to financial services and strengthening its presence across the city.
The opening ceremony of Dire Microfinance’s new branch in the Bole Michael area was described as a significant step towards expanding financial access and inclusion.
At the inauguration ceremony, Mr. Teshome Abebe, Chief Executive Officer of Dire Microfinance, emphasized that since its establishment, the institution has remained committed to providing community-based and accessible financial services as its core mission. He pointouted that the Bole Michael branch marks Dire Microfinance’s first branch in Addis Ababa, underscoring the organization’s growing presence in the capital.
He noted that the total loan outstanding has now surpassed 1.7 billion birr, reflecting the institution’s growing impact. Furthermore, Dire Microfinance is currently serving more than 111,000 clients across both loan and savings services, underscoring its expanding role in empowering communities through inclusive finance.
In addition to Conventional credit and savings services, Mr. Teshome highlighted that the institution aims to support the community through innovative offerings such as interest-free services, machinery leasing loans, and financing options related to renewable energy.
Guests attending the inauguration ceremony expressed their delight at the opening of Dire Microfinance’s new branch in Bole Mikael, Addis Ababa. They noted that the establishment of the branch will significantly enhance accessibility and enable the institution to serve the community more closely and effectively.
The opening ceremony was attended by government and institutional officials, invited guests, as well as leaders and staff of Dire Microfinance, marking the occasion as a milestone in the organization’s continued expansion and commitment to inclusive financial services.
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