Membership Directory - Corporate
Midnimo microfinance
Financial Services
Member Since: 2025
About
Company Profile (Description for members directory): Midnimo Microfinance Institution Company (MMIC) is a licensed, Sharia-compliant microfinance institution established in 2020 and operating across Somalia, with an expanding presence in Mogadishu, South West State, Jubaland, and other strategic regions. MMIC is dedicated to advancing financial inclusion, economic empowerment, and sustainable development by providing innovative Islamic financial services tailored to underserved communities, micro, small and medium-sized enterprises (MSMEs), farmers, pastoralists, women, youth, and vulnerable populations.
As a leading provider of ethical financial solutions, MMIC offers a comprehensive range of Sharia-compliant financing products, including Murabaha, Musharakah, Mudarabah, Salam, Ijarah, Istisna’, and Qard Al-Hasan, designed to support productive investments and entrepreneurship across key sectors of the Somali economy. The institution places particular emphasis on promoting sustainable livelihoods and strengthening value chains in agriculture, livestock, fisheries, trade, and small-scale manufacturing.
MMIC operates under a robust governance, risk management, and financial control framework, supported by independently audited financial statements prepared in accordance with International Financial Reporting Standards (IFRS). The institution maintains strong partnerships with government institutions, development partners, donor agencies, and private sector stakeholders to expand access to inclusive and climate-resilient financial services.
Through its innovative financing approaches, digital financial solutions, and community-centered service delivery model, MMIC aims to empower entrepreneurs, create employment opportunities, reduce poverty, and contribute to Somalia’s long-term economic growth and resilience.
Our Vision is to become Somalia’s leading Islamic microfinance institution, driving inclusive economic growth, financial empowerment, and sustainable development through accessible, ethical, and innovative financial services.
Company Website Address: https://www.mmic.so/
Email: info@mmic.so
Members
Investment Manager
Executive Director