Asal Microfinance
8 followers
Private Company
Company Type
Financial
Industry
11-50
Company Size
Head quarter
https://asalmicrofinance.com/
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Asal Microfinance is a growing financial institution in Somalia, committed to providing accessible and
impactful financial services
Since its establishment in 2020, the company has offered micro loans, savings products, and a Buy Now Pay Later (BNPL) solution for essential goods, all fully compliant with the Central Bank of Somalia’s regulatory framework and operational requirements. Asal Microfinance operates as a key component of the broader Asal Group, which also includes Asal Express, a trusted money transfer operator founded in 2019
Asal Express provides secure and reliable remittance services through partnerships such as Western Union, Deero LLC, HelloPaisa, Tayo, and M- Pesa, to enable efficient remittances from the Somali diaspora to communities across Somalia. Together, Asal Microfinance and Asal Express provide an integrated financial ecosystem that combines efficient money transfers with innovative local financial solutions, empowering individuals and small businesses, and strengthening financial access for Somali communities, particularly the underserved.
Since its establishment in 2020, the company has offered micro loans, savings products, and a Buy Now Pay Later (BNPL) solution for essential goods, all fully compliant with the Central Bank of Somalia’s regulatory framework and operational requirements. Asal Microfinance operates as a key component of the broader Asal Group, which also includes Asal Express, a trusted money transfer operator founded in 2019
Asal Express provides secure and reliable remittance services through partnerships such as Western Union, Deero LLC, HelloPaisa, Tayo, and M- Pesa, to enable efficient remittances from the Somali diaspora to communities across Somalia. Together, Asal Microfinance and Asal Express provide an integrated financial ecosystem that combines efficient money transfers with innovative local financial solutions, empowering individuals and small businesses, and strengthening financial access for Somali communities, particularly the underserved.