Asal Microfinance review
Updated October 12, 2026 · SumCue Editorial Team
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Our verdict
Asal Microfinance centres on Shariah compliant microfinancing for small enterprises, farmers and groups outside mainstream banking. It serves youth, women and agricultural value chains with community rooted products that support business growth, livestock productivity and employment.
Key facts
- Best for
- Shariah compliant microfinance for small enterprises and groups
- Term
- 3 to 24 months↗
- Lender type
- Direct lender↗
- Eligibility
- Any resident with a valid ID and proof of income can apply↗
- Loan types
- Personal, Business, BNPL, Guarantor↗
- Legal entity
- ASAL Microfinance↗
- Headquarters
- Somalia↗
- Founded
- 2020↗
- Support channels
- Email, Phone, Help-centre↗
- Official website
- asalmicrofinance.com
Pros and cons
Pros
- Provides Shariah compliant solutions for people outside mainstream banking
- Supports women, youth, farming, livestock and small enterprise growth
- Covers retail, e commerce, clothing, cosmetics and transport livelihoods
- Uses technology to broaden inclusion for small enterprises
Cons
- Shariah compliant structures only may limit choice for conventional borrowers
- Focus on small enterprises and farming value chains narrows its appeal
- Community and group based products require shared trust and participation
Who it suits
- Women building individual or group businesses
- Youths starting businesses or continuing education
- Farmers and traders across livestock and retail chains
Who should look elsewhere
- Borrowers seeking conventional banking products
- Larger companies outside small enterprise finance
How Asal Microfinance compares
Where Asal Microfinance is available
- Available
- Somalia
- Licence in Somalia
- Central Bank of Somalia, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Asal Microfinance do?+
Asal Microfinance provides Shariah compliant financial and product solutions for people largely outside mainstream banking. Its aim supports small and medium enterprises that seek finance to achieve organisational goals. Technology helps it widen inclusion and serve customers and stakeholders.
Which business sectors does it support?+
Support covers farming, livestock, fishing and processing across the agricultural value chain. It also supports retail shops, general stores, e commerce activity and LPO financing. Cosmetics, clothing, Bajaj and motorcycle financing are included for employment creation.
What is Ayuuto?+
Ayuuto follows an old Somali savings concept built on mutual trust. It works as a rotating savings scheme where members contribute and receive funds in turn. Asal Microfinance offers financing through Ayuuto for informal groups seeking progress.
How does it help women and youth?+
Women in business receive financial support as individuals and organised groups. Youths receive financing to start businesses, continue education and expand existing enterprises. The products recognise both groups as important drivers of national development.
Which company operates Asal Microfinance?+
Asal Microfinance is operated by ASAL Microfinance. (Source, checked September 26, 2026)
Where is Asal Microfinance based?+
Asal Microfinance is based in Somalia. (Source, checked September 26, 2026)
When was Asal Microfinance founded?+
Asal Microfinance was founded in 2020. (Source, checked September 26, 2026)
Sources
- asalmicrofinance.com checked September 26, 2026
Backs: Headquarters
“01 Giyaajo building KM4, Hodan, Mogadishu, Somali”
- asalmicrofinance.com/about-us checked September 26, 2026
Backs: Founded, Legal entity, Lender type
“Established in the year 2020, we have since provided over 3.7M to over 2,500 micro, small and medium sized clients (MSME's).”
- asalmicrofinance.com/faq checked September 26, 2026
Backs: Eligibility, Support channels, Term
“Any resident with a valid ID and proof of income can apply.”
- asalmicrofinance.com/mudharaba checked September 26, 2026
Backs: Access terms, Account kind
“At Asal this product will specifically be used to mobilize funds on investment(savings) account, Fixed Maturity Account, and fixed time call Account ... share the (actual) realized profits with the...”
- asalmicrofinance.com/small-enterprise-financing checked September 26, 2026
Backs: Loan types
“We offer tailored financial solutions for small businesses traditionally excluded from mainstream financial services ... 252 Pay is Somalia's first dedicated Electronics Installment Service, buy now...”
- centralbank.gov.so checked September 26, 2026
Backs: Licences
Compiled from 6 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: APR, Loan amount, Arrangement fee, Credit check, Funding time, Representative example.