Our Foundation Partner
Hormuud Salaam Foundation
Hormuud Salaam Foundation (HSF) is a non-profit foundation fully funded by Hormuud Telecom and Salaam Somali Bank, created for the sole purpose of providing charitable contributions to improving the everyday lives of Somalis.
In 2020, during the Coronavirus pandemic, HSF and partners donated over USD $5 million towards Somalia's coronavirus healthcare and pandemic relief efforts. In 2021, HSF supported the effort to help raise $4 million for the Somalia Action Network Covid-19 relief fund, in partnership with the Somali Chamber of Commerce.
In the same year, HSF donated Somalia's first public oxygen plant. The plant, purchased from Turkey, was donated to help Somalia cope with severe shortages of medical oxygen and was installed at the Banadir Maternity and Children Hospital.
HSF funds a range of philanthropic relief projects, directly responding to humanitarian crises across Somalia.
Salaam Somali Bank CSR Initiatives
Building stronger communities through development, education, and empowerment programs
Daaru-Salaam City
Founded in Somalia in 2009, Salaam Somali Bank is a leading banking and financial service company with unmatched geographical reach in the region. The bank provides innovative products and services, including corporate, community, retail, business, and personal banking, as well as investment banking and investment management.
Since its founding, Salaam Somali Bank has become part of the community and has several success stories to tell. One of the most notable of these is Daaru Salaam City.
Daaru Salaam City is a green, luxury neighborhood in Mogadishu, fully financed by Salaam Somali Bank. The City boasts a complete set of amenities: ease of accessibility, movements, local market, health and education facilities.
Student Internship Programs
By nurturing local talent, we're creating the next generation of finance professionals. Our Internship Program offers young people hands-on experience in banking, finance, and business management, providing them with invaluable insights into the industry.
We created a programme where interns can learn from experienced mentors, develop skills to get them into the workplace, and gain the confidence to build successful careers.
Social Event Sponsorship
We proudly sponsor social events across Somalia, bringing people together, celebrating our heritage, and promoting unity. From festivals to sports events, our sponsorship initiatives enhance community engagement and showcase the rich cultural tapestry of Somalia.
Environmental Responsibility
Somalia is on the frontline of climate change, impacting our communities and changing their ways of life. We are actively working to channel green investments into Somalia, and on a local level our tree planting initiative combats deforestation.
Our goal is a cleaner, greener Somalia for generations to come.
Financial Literacy Training
Financial inclusion is at the heart of everything we do. This means helping people understand financial best practices and use our services in meaningful ways.
We operate financial training programs up and down the country. These free workshops and resources teach basic financial skills, equipping individuals with the tools they need to achieve financial independence and protect themselves against fraud.
Microfinance Program
Empowering entrepreneurs and small businesses with accessible financial solutions
Our Impact
Since its inception in 2011, our Microfinance Program has provided finance to over 6,300 individuals. This initiative is entirely free, and nearly half of its recipients are women.
We're helping individuals from all walks of life gain the resources they need to build successful businesses, contribute to the economy, and strengthen their communities.
Program Objectives
Enhance Finance Opportunities
To provide a wider range of finance options tailored to the needs of small businesses.
Increase Accessibility
Expand services to include simpler Microfinance products for MSEs, particularly those requiring funding below $5,000.
Broaden Outreach
Increase the microfinance office's reach by establishing new partnerships and exploring innovative financial solutions.
Microfinance Offerings
Kaaliye Receivable
Assistance for small businesses to access necessary funding.
Koriye Receivable
Financial support for growth-oriented businesses.
Individual Receivable
Investment options for the general public, promoting community-level economic development.
Salaam Central Microfinance
Tailored financial services specifically designed for small enterprises.
Dhibane Kaab
Support for low-income individuals to improve their financial situations.
BBT Services
Musaacid
Management of sustainable contracts via streamlined guarantee processes.
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