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At 60, most people look toward retirement. But for Abdullahi Ali, it was a time for firsts—his first official identification card, his first savings account, and his first small business loan. Abdullahi’s journey from an unbanked elder to a proud Bulsho SACCO member is a testament to the power of financial inclusion and a story […]

FOR IMMEDIATE RELEASE Mogadishu, Somalia – August 30, 2025 —Bulsho Savings and Credit Cooperative Society (Bulsho SACCO) HAS today announced the launch of Aqoondoon, a new Qardh Hasan (interest-free) Higher Education Loan designed to help children of low-income Bulsho SACCO members access and complete university education. Under Aqoondoon, eligible students can receive up to $500

About Bulsho Sacco Limited Bulsho Sacco Limited was established in January 2023 by a Committee of 9 people, including Somalis and foreigners.  It is a modern financial cooperative that is run in accordance with Islamic Sharia, and is the first financial cooperative to be successfully set-up in the Somali region. Bulsho aims to meet the

Somalia’s Financial Sector Gets Much Needed Boost as Bulsho Sacco Celebrates 2nd Anniversary and Official Launch Mogadishu was a buzz with excitement on Thursday, 2nd 2025 as the Somali capital launched Bulsho Sacco Limited, a leading player in the nation’s financial sector. The ceremony was attended by the Deputy Prime Minister, Salah Ahmed Jama, alongside

Somalia joins Savings and Credit Cooperative Societies (SACCO) space with the registration of the first member owned, Sharia compliant and non-common bond SACCO(Bulsho SACCO) duly registered in the Federal Republic of Somalia to provide financial and social inclusion to the low income but economically active members of the Somali population. Bulsho envisions to become a