Opportunity International Implementing Members

Banco Oportunidade de Mozambique (BOM)

Banco Oportunidade de Moçambique, SA (BOM) is a commercial microfinance bank dedicated to supplying innovative and accessible financial services to help small businessmen and women transform their lives and businesses. In September, 2005 BOM opened the doors of its first branch and three more branches followed in rapid succession. Each branch offers microcredit loans specifically designed to help small business owners invest and grow their businesses. BOM also offers savings accounts and investment products with low minimum balances, making them accessbile to all income levels. BOM employs advanced banking technology as the basis of its business, simplifying procedures through technology – eliminating paperwork while improving saftey, accuracy and efficiency. Digital identification techniques, both photographic and fingerprint, are used to register clients and ensure secure individual access to information. A centralised, virtually paper-less banking system enables BOM customers to transact swiftly and securely. A part of BOM’s mission is to expand its innovative banking services farther into the rural areas which have limited or no access to banks of any kind. In June 2007 BOM launched its Mobile Bank, the first of its kind in Moçambique. The Mobile Bank operates in the two rural provinces as an extension of the Chimoio Branch, offering basic banking services to current and future BOM clients. It serves clients in six rural communities on a weekly basis. BOM estimates the Mobile Bank unit alone will serve 2,754 loan clients and 7,000 savings clients by December 2010. At the core of its business, BOM is dedicated to helping its clients and their communities transform their lives positively through the services it offers, guided by its values of respect, integrity, stewardship and dedication.

Performance in 2009