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Saving and micro-credit program improving livelihoods of beneficiaries

The beneficiaries of saving and micro-credit program in the Central region said that the program is significantly contributing in improving their livelihoods.

Asmara, 28 October 2018- The beneficiaries of saving and micro-credit program in the Central region said that the program is significantly contributing in improving their livelihoods.

The beneficiaries that are engaged in small scale businesses stated that the program has enabled them develop their businesses and are paying back their debts stage by stage.

The beneficiaries that have received loans ranging from 10 to 100 thousand Nakfa are engaged in selling building materials, steel and wood works, weaving, beauty saloon, selling fruits and vegetables as well as pastries.

Indicating that they are economically in good condition owing to the loan they received from the program, the beneficiaries called on others to benefit from the program and improve their livelihoods.

The saving and micro-credit program has 51 village banks in 16 administrative areas in the Central region and has about 5 thousand customers.      

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