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Mastercard Foundation, 22 July 2021
Today, the Bank of Abyssinia signed a loan agreement with four private commercial microfinance institutions (MFIs) – Dynamic, Harbu, Metemamen, and Nisir that will create… Read more »
Mastercard Foundation
New Loan Agreement Unlocks Financing for Ethiopian MSMEs
Lack of access to finance is often cited as one of the key constraints hindering the growth of MSMEs in Ethiopia. Bank of Abyssinia signed a loan agreement with four private commercial microfinance institutions (MFIs) - Dynamic, Harbu, Metemamen, and Nisir that will create Moveable Loan Collateral opportunities, and unlock access to finance for micro, small, and medium enterprises (MSMEs) in Ethiopia. The agreement, worth ETB 600 million, is facilitated through the BRIDGES Programme, which is part of the Mastercard Foundation's Young Africa Works strategy in Ethiopia, and is being implemented in partnership with First Consult. Read on.
Find out more about Mastercard Foundation in Africa.
Mesfin Guaguro , Ethiopia Program Lead, MSME, Mastercard Foundation, addresses the audience at the signing ceremony on Saturday, July 22, 2021
Signing ceremony between the Bank of Abyssinia with four private commercial microfinance institutions (MFIs) through the BRIDGES Programme, which is part of the Mastercard Foundation’s Young Africa Works strategy in Ethiopia and is being implemented in partnership with First Consult.
InFocus
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The BRIDGES Programme, which is a part of the Mastercard Foundation's Young Africa Works in Ethiopia strategy, and is being im Read more »
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Ethiopia's first cohort of 137 business mentors for startups and SMEs and 20 startup enterprises will graduate at a special ceremony to be held on May 27, 2021. The graduates were ... Read more »
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