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Micro-credit and Saving Program conduct an assessment meeting

Micro-credit and Saving Program conducted assessment meeting in Dekemhare city last week.

Dekemhare, 02 April 2014 – Micro-credit and Saving Program conducted assessment meeting in Dekemhare city last week.

In the course of the meeting where all the members of the Program across the country took part, it was stated that a gratifying accomplishment has been registered as regards improving the livelihood of nationals through the project, and that the development as well as outreach of the Program attest to this.

Presenting a report at the meeting, Mr. Goitom Habtetsion, Acting manager of the Program, disclosed that the number of customers who are also members of 604 village banks nationwide stands at 57,597. Accordingly, a total of 332 million Nakfa credit was made available to 22,000 nationals, and thus giving rise to a growth of 24% and7% in the number of beneficiaries as well as outreach respectively.

He further pointed out that there is a plan to establish 26 new village banks, besides furthering the numbers of members to 65,000 on the basis of a 446-million Nakfa new credit scheme.

Micro-credit and Saving Program was launched in the year 1996 involving a total capital of 1,370,000 Nakfa.

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