The Mayor of Dire Dawa Administration and Board Chairperson of Dire Microfinance, H.E. Mr. Abdullahi Aden, held a familiarization meeting with members of the institution’s Board of Directors and Management to review its performance, strategic priorities, and future direction.
During the meeting, Mr. Teshome Abebe, Chief Executive Officer of Dire Microfinance, delivered a comprehensive presentation on the institution’s historical background, financial performance, current operational status, future strategic directions, and key areas requiring attention.
In his presentation, the CEO highlighted the institution’s continued progress across various financial performance indicators. He reported that Dire Microfinance’s outstanding loan portfolio had exceeded ETB 1.8 billion, while it’s Portfolio at Risk (PAR) stood at 0.65% as of June 2026. These figures reflect the institution’s portfolio growth and its efforts to maintain sound credit quality.
In his remarks, H.E. Mr. Abdullahi Aden emphasized the importance of strengthening the recovery of revolving loans extended to youth beneficiaries and advancing efforts to secure a dedicated building for Dire Microfinance. He also reaffirmed the Dire Dawa Administration’s commitment to continuing and strengthening its support for the institution.
The meeting concluded with a shared commitment to strengthening institutional cooperation, improving operational performance, and advancing the institution’s future development priorities. It also provided an opportunity to reinforce collaboration in support of Dire Microfinance’s institutional capacity and long-term sustainability.
Dire Microfinance remains committed to expanding access to financial services, empowering communities, and contributing to inclusive and sustainable economic development.
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