Find answers about microfinance in Somalia to empower your growth.
FAQs
Frequently Asked Questions
RAAS Microfinance Institution is a leading Sharia-compliant microfinance provider in Somalia offering accessible products to empower entrepreneurs, women, youth, and underserved communities.
We offer 9 products: Hooyo (women), Rajo (new entrepreneurs), Aaran (dairy/livestock), Mideeye (SME growth), Kaaftoon (group lending), Badmaal (fishery), Buundo (agriculture), Kobciye (agribusiness), and Dhulmaal (energy).
Yes, all RAAS MFI products are fully Sharia-compliant. Our Shariah Advisory board ensures adherence to Islamic finance principles.
Visit any branch (Mogadishu, Bossaso, Baidoa, Kismayo, Galkayo, Burtinle) or call +252 610 100800. We guide you through consultation, documentation, assessment, and disbursement.
Valid government ID, proof of residence, and business info (or viable business plan for startups). For group products, proof of membership is required.
Absolutely! 76% of our clients are women and 62% are youth. Hooyo is women-specific, and our AECF and SCI partnerships actively target youth entrepreneurs.
Agriculture (1,567 clients), Livestock (1,989), Fishery (694), and Energy (528). We support individuals and group cooperatives.
