Central region: Micro Credit and Savings Program branch striving to improve beneficiaries’ livelihood

On Jan 27, 2015

The Micro Credit and Savings Program branch in the Central region indicated that over 48 million Nakfa has been distributed in 2014 with a view to improving the beneficiaries’ livelihood and that satisfactory outcome has been registered thereof.

Asmara, 27 January 2015 – The Micro Credit and Savings Program branch in the Central region indicated that over 48 million Nakfa has been distributed in 2014 with a view to improving the beneficiaries’ livelihood and that satisfactory outcome has been registered thereof.

Mr. Tafla Asmerom, Acting Manager of Micro Credit and Savings Program Office, said that the scheme was launched in 1996 under the umbrella of the Ministry of Local Government, and that currently it has 604 Village Banks benefiting 56 thousand individuals through distributing credit amounting 332 million Nakfa.

Likewise, Mr. Barnabas Abraha, head of the branch office, stated that 16 sub-zones in the Central region and Logo-Anseba sub-zone witnessed effective work program through the scheme.