VISION 

Aspire to be world class MFI contributing to economically empowered and transformed society.

MISSION

Provide affordable, innovative and customers responsive financial services to rural and urban economically active people to improve their income

VALUES

The ‘ZI-CREDIT stands for:

  • Zero Tolerance: - commitment to fight fraud, embezzlement and rent seeking behaviours etc.
  • Integrity: - Exhibiting the highest levels of objectivity, accountability, honesty, transparency, fairness and responsibility at all times;
  • Customer Focus: - Placing the customer at the core of Company’s business and ensuring high quality services and inclusiveness;
  • Recognition: - Always recognizing and rewarding high performance/staffs and clients/  
  • Effectiveness: - Executing mandates effectively, ensuring delivery at least cost and in the shortest time possible;
  • Diligence: - Highest levels of proficiency and due professional thoroughness;
  • Innovation: - Adaptability, ensuring the optimum use of information technology and current financial novelty.
  • Teamwork: - Working in teams, building team spirit, cooperation, communication achieved  objectives in the set time frames at all times;

MANDATE

  • Accepting both voluntary and compulsory savings as well as demand and time deposits;
  • Extending credit to rural and urban farmers and people engaged in other similar activities as well as micro and small-scale rural and urban entrepreneurs;
  • Drawing and accepting drafts payable within Ethiopia;
  • Provide micro-insurance business;
  • Purchasing income-generating financial instruments such as treasury bills and other short term instruments as appropriate;
  • Acquiring, maintaining and transferring any movable and immovable property including premises for carrying out its business;
  • Supporting income generating projects of urban and rural micro and small scale operators;
  • Rendering managerial, marketing, technical and administrative advice to customers and assisting them to obtain services in those fields;
  • Managing funds for micro and small scale businesses;
  • Providing local money transfer services;
  • Perform mobile and agent banking activities;
  • Engaging in other relevant activities;

ESTABLISHMENT

The chronological inception of today’s OCSSCO traces back to 1996’s rural project scheme that initiated to provide micro finance service (credit & saving) to farmers in Oromia National Regional State. On January 1, 1996 Oromia Credit & Saving Rural Schemes Development Project/OCSRSDP/ was established under Oromo Self Help Organization/OSHO/ to ensure accessibility of credit to the rural community. After two years, on August 4, 1997, the project was shifted to a microfinance institution and separately established as Oromia Credit & Saving S.C /OCSSCCO/. The successful achievements registered at project level and the issuance of national proclamation number 40/96 that for the first time laid legal ground for establishment of microfinance institutions were among major reasons that created conducive environment for the transition. 

LEGALIZATION

OCSSCO is a legally registered and licensed microfinance institution. It is registered by Ethiopian Trade Ministry and licensed by National Bank of Ethiopia (NBE).  

SHAREHOLDER & CAPITALIZATION

In the beginning the company was formed by five shareholders namely Oromia National Regional State, Oromo Self Help Organization, Dinsho Enterprise, Oromia Development Association and one natural person. Later, Dinsho Enterprise transferred its share to Oromia Forestry Enterprise and other six new shareholders including, Burayou, Bishoftu, Sebeta, Nekemte, Shashemene and Jima Municipalities have bought shares of the company.  Now, the number of the shareholders has reached eleven. The list of the current shareholders and their capitals are as follows.

S/N

Shareholder

Subscribed Capital

Paid up Capital

1

Oromia National Regional State

30,000,000

30,000,000

2

Oromo Self Help Organization (OSHO)

5,000,000

5,000,000

3

Oromia Forestry Enterprise

5,000,000

5,000,000

4

Oromia Development Association

4,000,000

4,000,000

5

Shashemene Municipality

20,050,000

20,050,000

6

Burayou Municipality

21,500,000

21,500,000

7

Jima Municipality

16,725,000

16,725,000

8

Nekemt Municipality

16,725,000

16,725,000

9

Sebeta Municipality

499,000

499,000

10

Bishoftu Municipality

5,000

500,000

11

One Natural Person

1,000

1,000

 

Total

120,000,000

120,000,000

 

Company’s Development Trends 

Since its establishment, the Company has been working towards of achieving its vision through the implementation of core operational activities which includes the provision of different types of credits, accepting savings, local money transfer, advisory services & other social activities. The wide-range and continuous development trends of the Company has come from the dedication of all concerned bodies at all levels, starting from the Board of Directors to the loan officers at the grass rooted level. Currently, the Company has attained the followings;

Table 1. Branch Network or Branch Growth

 

Table 2. Total Loan Borrowers Outreach Trend


Table 3. Annual Loan Disbursement Performances

                                                                                              Graph 3: depicting the amount of loan disbursement by year

 4. Savings Mobilization 

Graph 4: depicting the amount of savings mobilized by year

Table 5. Annual Outstanding Loans Growth

Table 6. Annual Net Saving Growth

Table 7. Capital -- Development Trend

                                                       Graph 7: depicting capital growth by year

Table 8. Assets Development   

                                                                                                        Graph 8: depicting assets development by year

Table 9. Net profit & Loan Loss Provision as the end of each Fiscal year

 

                                                                                                                         Graph 8: depicting profit & loss trend by year

Table 9. Staffing