Frequently Asked Questions
Any Questions? Find Here.
Sommicrofinance is a financial service provider dedicated to offering accessible micro loans, savings solutions, and financial literacy programs to individuals, entrepreneurs, and small businesses in Somalia
Our services are open to individuals, small traders, farmers, and business owners who meet our eligibility requirements. Applicants must provide basic identification, proof of residence, and demonstrate their ability to repay
We provide different types of loans, including: Business loans – to support startups and small enterprises. Personal loans – for emergencies and essential needs. Group loans – where members guarantee each other.
You can apply by visiting our branch office, contacting our customer service team, or submitting an online application through our official website We have several loan plans. Choose the best plan suitable for you and just click on the Apply Now button and put the amount
Loan amounts vary depending on the applicant’s needs, repayment capacity, and credit history. Typically, loans range from $50 to $5,000.
Repayment terms are flexible and can range from 1 month to 24 months, depending on the loan type.
We encourage clients to contact us early if they face repayment challenges. We may restructure the loan or provide grace periods, but late payments may result in penalties
Yes. We provide safe and reliable savings options to help clients build financial security and plan for the future.
We provide not only loans but also business training, financial literacy programs, and mentorship to help entrepreneurs grow sustainably.
Yes. We comply with national financial regulations and operate transparently to ensure the safety and trust of our clients.
For questions or support, you can contact us at: SomMicrofinance Email: info@sommicrofinance.com Phone: 252611598863 Address: Makka Al Mukarrama Road, Isgoka Dabka3