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TAAKULO PROGRAM

OUR SERVICES

Customized, Research-Driven Financial Solutions

OUR SERVICES

Maal Microfinance is a leading provider of innovative financial services and capacity-building programs in urban Somalia. The organization offers a diverse range of tailored solutions to meet the evolving needs of its clients and communities.

Financial Services

Tooko Service

The Tooko Service is an adaptation of the traditional Somali Ayuuto/Hagbad system, designed to promote financial inclusion and a culture of savings and investment among low-income individuals and small business owners. Through this program, clients save funds pre-agreed period, and at the end of that period, they receive an investment opportunity equal to their savings.

Taran Program (Fixed Saving-Mudaraba)

The Taran Program offers clients the opportunity to deposit funds for a fixed term, after which they receive a portion of the profits earned from the investment of those pooled resources. This innovative profit-sharing model empowers clients to grow their savings while participating in the financial success of Maal Microfinance's investment activities.

Taakulo Program

The Taakulo Program aims to provide financial support and empowerment to individuals living in Somalia, particularly those with family members in the diaspora or business owners. Through this program, clients can access microfinance opportunities to receive financial assistance for starting or expanding their businesses, fostering economic independence and resilience.

Tanaad (Family Payment Program)

Maal Microfinance's Family Payment Program is designed to streamline bill payments for Somali families and individuals, whether they need to make payments domestically or internationally. Clients can make annual one-time payments to the program's account, and the Maal Microfinance team will then distribute the monthly payments to the intended recipients, ensuring the timely and reliable fulfillment of financial obligations.

Talo Maal (Free Business Consultations)

Maal Microfinance's Talo Maal program provides personalized business consultation services to entrepreneurs and small business owners, offering guidance on market analysis, financial management, operational efficiency, and other critical aspects of business development. The program mobilizes clients and invites business experts for extensive advice.

Maal Dhowr (Financial Literacy Trainings)

Recognizing the importance of financial empowerment, Maal Microfinance's Maal Dhowr initiative provides comprehensive financial literacy training to individuals and community groups. These interactive sessions equip participants with the knowledge and skills to make informed financial decisions, manage their resources effectively, and plan for a more secure financial future.

Maal Academy: (Personalized Business Counseling)

Maal Academy, the organization's outreach program, sends qualified business counselors directly to the premises of clients, offering on-site guidance and support. This personalized approach ensures that Maal Microfinance can effectively address the unique challenges and opportunities faced by businesses in their local operating environments.

Maal Podcast (Sharing Expert Insights)

Maal Microfinance's podcast series offers clients access to expert interviews on various financial and entrepreneurial topics, enabling them to learn from industry leaders at their convenience. This innovative platform empowers clients to make informed decisions for their businesses and personal finances while at home.

Foreign Exchange Services

Maal Microfinance provides reliable and transparent money exchange services, allowing individuals, businesses, and organizations to convert one currency into another. These services facilitate international trade, travel, and financial transactions, enabling customers to access the currencies they need to achieve their global aspirations.

All our financial products comply with the principles of Sharia Law, ensuring ethical andequitable financial services for all our targeted customers.

Financial Education

In addition to our financial products and services, Maal MFI is committed to integrating a financial education program to empower the informal business sector and groups within micro, small, and medium enterprises. This initiative is pivotal in providing our customers and the general public with comprehensive financial knowledge, enabling informed decisions.

Financial Education ​Sertvices

A part from the financial products and services provided the MMFI intends to infuse financial education program while engaging with informal business sector and groups involved in micro small medium enterprises. This is important and crucial as it will enable the customers and general public to be fully aware and knowledgeable on financial education and enable informed decision.  Financial education program will offer the following services:

Saving education

Raises awareness about the importance of saving, both individually and in groups.

Account opening

Guides customers through the account opening process, essential for managing savings.

Loan and loan education

Educates customers on loan processes, criteria, and required documentation, and the rationale for charges.

Accessing Your Money

Offers practical lessons on account management, including deposits, withdrawals, and statement requests.

Business model development and management

A 3 to 6-week program for entrepreneurs and business owners across sectors, focusing on establishing well-managed and operationally sound businesses.

By integrating these services, Maal MFI not only provides financial products but also enriches our clients’ understanding and management of their finances, fostering economic empowerment and growth.

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