WASASA Microfinance Ethiopia

BRS also provided technical support related to the development of microinsurance products to protect the rural population against all kinds of risks. WASASA emerged from its mother NGO known as Oromo Self-Reliance Association (OSRA). Since then it has been working with the poor communities by providing savings and credit services. At present, it is operating in 44 Woredas of Oromia National Regional State with a plan to expand every year. As of June 30, 2016, the total number of active clients has reached about 120,000 households. The great majority of Wasasa's clients come from rural and semi-urban poor whose livelihood is based on subsistence farming and related activities. The vision of Wasasa MFI is to make money/capital no more a constraint for the poor. The mission of Wasasa MFI is to provide sustainable financial services to the active poor in order to employ capital for poverty alleviation. In 2019, we worked together on several aspects: development of products specifically tailored to the needs of farmers, implementation of a new credit rating instrument as well as market research on the financing of threshing machines. BRS also provided technical support related to the development of microinsurance products to protect the rural population against all kinds of risks.