Beneficiaries of Saving and Credit Scheme in Anseba region said that they have managed to improve their living standard as a result of the loan extended to them. Keren, 10 June 2011 – Beneficiaries of Saving and Credit Scheme in Anseba region said that they have managed to improve their living standard as a result of the loan extended to them.
They explained that they have engaged themselves in various activities which contributed to bring about noticeable improvement in their lifestyle.
The head of the scheme, Mr. Biniam Yohannes, indicated that concerted action is being taken to expand such opportunity so as to improve the economic wellbeing of the nationals. Accordingly, it is providing service in 9 sub-zones of Anseba region, 4 sub-zones of Northern Red Sea region and in Mensura sub-zone in Gash-Barka.
He further pointed out that the majority of the beneficiaries in Anseba region are from remote areas and semi-urban centers. A total of 132 village banks have already been opened to accommodate the growing number of customers, and that 90% of the beneficiaries pay back the loan on time.
Noting that advice and information is available for beneficiaries, Mr. Biniam said that the majority are engaged in small and middle-scale business ventures, as well as vegetable farming and animal husbandry. He pointed out that there are over 44,000 customers and that loan amounting to 151 million Nakfa has so far been extended.
There are also plans to open new village banks in the sub-zones of Kerkebet, Sel’a, as well as Adobha sub-zone in Northern Red Sea region.