Micro-credit and Savings Program in Afabet area makes remarkable impact as regards fostering business activities

The branch office of Micro-credit and Savings Program in Afabet semi-urban center said that it has made remarkable impact as regards fostering small-scale business activities in the area on the basis of ensuring around 7.5 million revolving fund for credit.

Afabet, 02 August 2013 – The branch office of Micro-credit and Savings Program in Afabet semi-urban center said that it has made remarkable impact as regards fostering small-scale business activities in the area on the basis of ensuring around 7.5 million revolving fund for credit.

Mr. Abraham Habtu, head of the branch office, disclosed that it used to focus more on nationals engaged in irrigation farming and small-scale merchandizing ventures, and that the current credit opportunities are open for any national wishing to make business on individual or group basis. He further indicated that a number of inhabitants of the area are in a position to become entrepreneurs using the Program as a stepping stone, and lauded the services being rendered by the new banks in Afabet and Nacfa.

Among the beneficiaries, Mr. Mohammed Seid and Mr. Seid Adem pointed out that they could improve their livelihood through effectively utilizing loan from the Program, which is making commendable outcome pertaining to raising the income level of families.