About RAAS MFI
Fostering Financial Inclusion.
Empowering communities since inception with Sharia-compliant microfinance products and sustainable development across Somalia.
Empowering communities since inception with Sharia-compliant microfinance products and sustainable development across Somalia.
RAAS Microfinance Institution (RAAS MFI) is a Sharia-compliant provider dedicated to empowering underserved communities through accessible financial services.
We operate with a deep commitment to the productive sectors — agriculture, livestock, fisheries, and energy — with a strong emphasis on empowering youth and women to build resilient livelihoods.
Our strategic reach across Mogadishu, Bossaso, Baidoa, Kismayo, Galkayo, and Burtinle ensures that we are always close to the communities we serve, fostering trust and long-term partnership.
To provide accessible, affordable, and Sharia-compliant financial services that empower individuals and communities in Somalia. We strive to foster economic self-sufficiency and promote social inclusion.
To be the leading microfinance institution in Somalia, recognized for transforming lives and communities through financial inclusion and innovative microfinance products.
Cutting-edge microfinance products and digital solutions designed for the Somali market.
Adhering to the highest standards of honesty, transparency, and ethical conduct.
Placing our clients at the center of everything we do, addressing their unique needs.
Striving for the highest quality in service delivery and measurably positive social impact.
Building lasting trust through responsible lending and transparent communication.
Ensuring equal access to financial opportunities for all, regardless of background.
Increase our footprint and outreach to underserved regions and segments of society that are traditionally excluded from the formal financial system.
Create specifically targeted products and mentorship programs to empower women and youth entrepreneurs toward economic self-sufficiency.
Maintain default rates below 3% while scaling operations through prudent risk management and digital innovation.
Form and expand alliances with international development organizations, donors, and investors to scale social impact projects.
Managing Director
Seasoned financial services professional with over 9 years of specialized experience working with microfinance institutions (MFIs) and international non-governmental organizations. Holds a Master's degree in Business Analytics as well as a Double Bachelor's degree, which has equipped me with a robust set of analytical and problem-solving capabilities. This educational and professional background has enabled me to develop strong expertise in navigating the unique dynamics and requirements of the microfinance and NGO sectors.
Chief Financial Officer
Accomplished finance executive with 7+ years of experience driving strategic initiatives and optimizing performance. Equipped with an MS in Banking/Finance and BBA, skilled in financial analysis, cash flow management, budgeting, and forecasting. Adept at identifying cost savings, implementing improvements, and developing controls to mitigate risk. Excels at aligning financial strategies with organizational goals and effectively communicating with diverse stakeholders.
Head of Compliance
Seasoned internal control and audit professional with 7+ years of extensive banking experience. Holds a Master's in Finance, Bachelor's in economics, and CPA certification. Adept at developing internal control frameworks, conducting audits, and identifying opportunities to enhance efficiency and mitigate risks. Skilled in cross-functional collaboration, financial data analysis, and providing strategic recommendations to leadership. Committed to staying current on regulations and best practices.
Head of Credit
Experienced banking and finance professional with 6+ years of experience and a Bachelor's degree in the field. Possesses extensive expertise in investment management and a proven track record in customer relationship management. Adept at navigating the complex financial landscape, identifying lucrative opportunities, and delivering tailored solutions to meet client needs. Skilled in building and maintaining strong, long-term relationships, ensuring exceptional customer satisfaction and loyalty.
Head of Operations
Analytical professional with a solid academic foundation in Economics and practical experience in Microfinance Operations, Bank Operations, and Marketing Support. Adept at leveraging data-driven insights to optimize processes, enhance customer experience, and contribute to the growth and efficiency of financial institutions. Skilled in coordinating cross-functional initiatives, developing and implementing effective strategies, and providing valuable marketing assistance.
Head of Recovery
Shadia Shafie is the Head of Recovery at RAAS MFI, holding a Bachelor's Degree in Accounting and Finance. With extensive customer care experience, she develops effective loan recovery strategies that enhance financial sustainability. Shadia excels in financial analysis and client relationship management, driving improvements and supporting RAAS MFI’s mission of financial inclusion across the region.
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Abdirizak Hassan (Ph.D.) is a business leader with 21 years of experience in independent consulting, the financial sector industry, government, and entrepreneurship. Dr. Hassan has developed solid capabilities in institutional development and capacity building covering financial sector development, public financial management.
Dr. Hodan has a PhD in economics from George Mason University in Virginia and two master’s degrees – in economics and international development – from Ohio University and certificate of business management from Georgetown University. She is certified Islamic Finance expert as well as certified Islamic insurance from AIMS. She served as a lead economist for the State of Virginia for five years and assistant Emeritus professor at the University of Buffalo School of Management.
Joash Gomba has over 15 years of experience in information communication and technologies, with a diverse range of administrative and technical experience, ranging from project management, software engineering, functional requirements analysis, business process reengineering, applications development, software quality assurance and testing, business development, and client relations management.
Chairman – Notational Standard Council- Kenya Bureau of standard Chairman Transformational Business Network (TBN), Est Africa. Chairman- NW Realite Ltd (Real Estate Business in Kenya.) Trustee- Beacon of Hope (a community-based organization).
Mahad Osman is a seasoned corporate and financial sector compliance expert. He implemented innovative compliance initiatives to streamline business processes and improve and institutionalize AML/CFT for his clients.
Interested in collaborating with RAAS MFI? Let's create impact together.