Loan Products
Loan Products
01.
Individual Business Loan
Our individual business loan is designed for start-ups and existing business enterprises engaged in various sectors of the economy. Unique features of this product include:
- Affordable interest rates with a very short loan processing time.
- Flexible loan terms and conditions, including relaxed collateral requirements.
- Loan sizes of up to 4 million ETB with flexible terms.
02.
Group Business Loan
Group loans are specifically designed for micro, small, and medium enterprises mainly formed and run by youth and women. Some features of our group loan product are:
- Group guarantee as collateral.
- Affordable interest rates with a very short loan processing time.
- Tailored and flexible loan sizes and terms.
03.
Agri-Business Loan
Our agri-business loan is developed specifically for businesses and individuals engaged in the agro and food processing sectors. Key features include:
Focus on:
- Horizontal and vertical value creation/value chains
- Backward and forward integration in agriculture
Areas of support:
- Supply of agricultural inputs
- Processing of agricultural outputs
04.
Agricultural Loan
This loan is specifically designed for farming businesses in both urban and rural agriculture. The most important features of our agricultural loan are:
- Subsidized (relatively lower) interest rates.
- Land certificates as collateral.
- Flexible loan terms.
05.
Women-Led Enterprises Development (WEDP) Loan
This loan is exclusively designed for women-led business enterprises, ranging from micro to large enterprises, aimed at enhancing financial inclusion and empowerment of women. Funds for this loan are often obtained from development partners via the Development Bank of Ethiopia. Some unique features of our WEDP loan include:
- Subsidized (lower) interest rates.
- Relaxed loan terms.
- Flexible collateral conditions, including collateral-free loans based on the SC method.
- Tailored and need-based loan sizes, which can increase or decrease based on the client’s request.
- Free business and financial education/training for clients.
06.
Vehicle Purchase Loan
Our vehicle loan is designed to meet the financial needs of those who want to own any type of vehicle without the need for collateral. The vehicle purchased will serve as its own guarantee, and no further collateral is required. This product mainly meets the needs of youth who lack assets for collateral. Some unique features include:
- No additional collateral other than the vehicle itself.
- Flexible saving and financing schemes available, including 30/70 and 60/40 options.
- Affordable interest rates with a very short loan processing time.
- Convenient loan terms.
07.
Consumption Loan
Designed primarily for employed individuals to finance their consumption and household needs, our consumption loan has the following attractive features:
- No assets are required as collateral; only a letter of guarantee from permanently employed individuals is sufficient.
- Tailored and need-based loan sizes of up to 6 months’ salary of the employee.
- Relaxed loan terms.
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