Executive Overview
Hogaan Microfinance, licensed by the Central Bank of Somalia, continued expanding Sharia-compliant financing to underserved communities. The institution strengthened its focus on productive sectors including Agriculture, Livestock, Fisheries, Renewable Energy, and MSMEs.
Portfolio Focus
Primary products implemented during the year:
- Kobac – Business Growth Financing
- Dalag – Agricultural Financing
- Dhaqasho – Livestock Financing
- Iftiin – Renewable Energy Financing
- BadQani – Fisheries Financing
- Siraad – Women’s Financing
- Ifiye – Youth Entrepreneurship
- KeydPlus – Structured Savings
- Guulwadaag – Investment Partnership
- Naajax – Housing & Asset Financing
Agriculture, MSMEs, and livestock remained the largest portfolio segments.
Governance & Compliance
All financing structures adhered strictly to Sharia principles, supported by internal compliance oversight and strengthened risk management systems.
Outlook
Hogaan aims to expand digital services, scale renewable energy financing, and deepen rural outreach while maintaining financial sustainability.
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Mauris non dignissim purus, ac commodo diam. Donec sit amet lacinia nulla. Aliquam quis purus in justo pulvinar tempor. Aliquam tellus nulla, sollicitudin at euismo.