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Mastercard Foundation

Agreement Opens Access to 1.5 Billion ETB for Ethiopian MSMEs

Awash Bank signed a loan agreement with nine private commercial Microfinance Institutions (MFIs) to unlock access to finance for micro, small, and medium enterprises (MSMEs) in Ethiopia. The ETB 1.5 billion agreement 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. 

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Mastercard Foundation

Samuel Yalew Adela, Ethiopia Country Head, Mastercard Foundation, addresses the audience at the event on Thursday, July 28, 2022.

Mastercard Foundation

The event was attended by higher government and financial institution officials. On the right, H.E Muferiat Kamil, Minster at the Ministry of Labor and Skills and in the middle Mr. Tsehay Shiferaw, CEO, Awash Bank

Mastercard Foundation

Awash Bank signed a loan agreement with nine private commercial Microfinance Institutions (MFIs) to unlock access to finance for micro, small, and medium enterprises (MSMEs) in Ethiopia. The ETB 1.5 billion agreement 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.

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