Welcome to IBS Microfinance service We are the largest microfinance service provider in Somalia IBS Microfinance is an Islamic based Microfinance service, that has carved a niche for promoting small and medium business establishment against the shortage of fund and lack of support, loan practices through innovative microfinance services unprecedented in the history of Somalia.

Islamic Microfinance is a sector with great potential to expand. It is estimated that 72% of the population living in predominantly Muslim countries do not use financial services ( Microworld), for that reason the IBS’s microfinance is intended to fill this gap in Somalia, our Goal is to reach 100,000 customers by the next five years.

The majority of Somali adult population – do not have an account at a formal financial institution. Financial inclusion efforts seek to ensure that all households and businesses, regardless of income level, have access to and can effectively use the appropriate financial services they need to improve their lives.

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There are two main mechanisms of financial services that the International Bank of Somalia (IBS) delivers to customers.

• Group-based models, where several entrepreneurs come together to apply for loans and other services as a group, this is known as group solidarity.
• Relationship-based banking for individual and small businesses

There is no prior study conducted in Somalia regarding ceiling of loan size suitable for certain customers of microfinance, IBS conducted first research survey upon this issues, the survey covered the three main markets in Mogadishu- Bakara market, Souq ba’ad market, and Hamar weyne market, IBS identified two broad categories of customers and their suitable loan Size. Detailed information about the two categories will be under the head of our services.