cbe

USD
57.4895
58.6393
,
GBP
70.6759
72.0894
,
EUR
62.3359
63.5826
,
CHF
62.5028
63.7529
,
SEK
4.7942
4.8901
,
NOK
4.6725
4.766
,
DKK
7.561
7.7122
,
DJF
,
JPY
0.3408
0.3476
,
CAD
37.598
38.35
,
SAR
13.8682
14.1456
,
AED
14.1646
14.4479
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.9327
34.6114
,
SDR
,
ZAR
,
CNY
7.2066
7.3507
,
KWD
179.586
183.1777

awash

USD
57.4895
58.6393
,
EUR
62.3359
63.5826
,
GBP
70.6759
72.0894
,
CHF
62.5028
63.7529
,
SAR
13.8682
14.1456
,
AED
14.1646
14.4479
,
CAD
37.598
38.35

abyssinia

GBP
70.6759
72.0894
,
CHF
62.5028
63.7529
,
EUR
62.3359
63.5826
,
USD
57.4895
58.6393
,
CAD
37.598
38.35
,
AED
14.1646
14.4479
,
SAR
13.8682
14.1456
,
SEK
4.7942
4.8901
,
NOK
4.6725
4.766

abay

USD
55.8018
56.9178
,
EUR
60.0874
61.2891
,
GBP
70.1819
71.5855
,
CHF
63.3607
64.6279
,
AUD
36.5948
37.3267
,
AED
15.1953
15.4992
,
CNY
7.775
7.9305
,
DKK
8.059
8.2202
,
DJF
0.3125
0.3188
,
INR
0.6691
0.6825
,
JPY
0.3816
0.3892
,
KES
0.3636
0.3709
,
NOK
5.1001
5.2021
,
SAR
14.8773
15.1748
,
ZAR
2.919
2.9774
,
SEK
5.3255
5.432
,
SDR
74.1829
75.6666

zemen

CAD
41.5447
42.3756
,
EUR
62.3359
63.5826
,
GBP
74.0062
75.4863
,
SEK
5.2975
5.4035
,
USD
57.4895
58.6393

buna

nib

GBP
70.6759
72.0894
,
EUR
62.3359
63.5826
,
CHF
62.5028
63.7529
,
USD
57.4895
58.6393
,
CAD
37.598
38.35
,
AED
14.1646
14.4479
,
SAR
13.8682
14.1456

berhan

wegagen

USD
57.212
58.3562
,
GBP
69.2475
70.6325
,
EURO
61.1024
62.3244
,
CAD
37.593
38.3449
,
AUD
34.1883
34.8721
,
CHF
61.2047
62.4288
,
SEK
4.901
4.999
,
NOK
4.8468
4.9437
,
DKK
7.4131
7.5614
,
DJF
0.2862
0.3268
,
INR
0.6848
0.6985
,
KSH
0.4418
0.4506
,
JPY
0.329
0.3356
,
SAR
13.7998
14.0758
,
AED
14.0958
14.3777
,
ZAR
3.1723
3.2357
,
CNY
7.1366
7.2793
,
KWD
178.0416
181.6024

dgb

USD
57.3597
58.5069
,
GBP
72.864
74.3213
,
EUR
61.7248
62.9593
,
CHF
63.4931
64.763
,
CAD
41.9265
42.765

enat

USD
57.2406
58.3854
,
GBP
72.5868
74.0385
,
CHF
64.4819
65.7715
,
SEK
5.1879
5.2917
,
NOK
5.1733
5.2768
,
DKK
8.1014
8.2634
,
KES
0.4271
0.4356
,
JPY
0.3673
0.3746
,
DJF
0.3181
0.3245
,
CAD
41.1312
41.9538
,
AUD
36.4897
37.2195
,
SAR
15.1424
15.4452
,
AED
15.5162
15.8261
,
ZAR
2.9861
3.0458
,
CNY
7.846
8.0029

addis

nbe

dashen

USD
57.4895
58.6393
,
GBP
70.6759
72.0894
,
CHF
62.5028
63.7529
,
SEK
4.7942
4.8901
,
NOK
4.6725
4.766
,
DKK
7.561
7.7122
,
JPY
0.3408
0.3476
,
CAD
37.598
38.35
,
SAR
13.8682
14.1456
,
AED
14.1646
14.4479
,
EUR
62.3359
63.5826
,
DJF
,
INR
,
KES
,
AUD
33.9327
34.6114
,
ZAR
,
CNY
7.2066
7.3507
,
KWD
179.586
183.1777
,
AED

oromia

USD
57.4838
58.6335
,
GBP
74.1828
75.6665
,
EUR
62.3354
63.5821
,
CHF
64.8289
66.1255
,
SAR
15.3233
15.6298
,
AED
15.6499
15.9629

lion

coop

USD
57.4723
58.6217
,
GBP
74.145
75.6279
,
EUR
62.4264
63.6749
,
SAR
15.3215
15.6279
,
AED
15.6468
15.9597

gadaa

USD
57.4723
58.6217
,
GBP
70.8085
72.2247
,
EUR
62.4264
63.6749
,
AED
14.1604
14.4436
,
SAR
13.866
14.1433
,
CHF
61.566
62.7973

hijra

EUR
48
45
,
USD
52.46
62.82
,
GBP
96.55
101.88
,
AED
59.75
63.41
,
KWD
30
25
,
SAR
23
20

amhara

tsehay

USD
57.4895
58.6393
,
GBP
70.6759
72.0894
,
EUR
62.3359
63.5826
,
CAD
37.598
38.35
,
SAR
13.8682
14.1456
,
AED
14.1646
14.4479

tsedey

USD
57.4499
58.5989
,
EUR
62.7353
63.99
,
GBP
71.1868
72.6105
,
AED
14.1548
14.4379

Digital Loan in Ethiopia to Empower Enterprises

A significant digital enhancement enterprise was launched last week ,The launch of an ambitious 100 million-dollar program that promises to revolutionize the way micro, small,and medium enterprises (MSMEs) access funding. Association of six forward-thinking financial institutions planed on a mission to transform digital lending. This isn’t just about loans; it’s about creating opportunities for MSMEs to advance in a digital age.

The program draws inspiration from Michu, the first digital non-collateral lending platform, which was a brainchild of the Cooperative Bank of Oromia (COOP).

 

Now, with the inclusion of Amhara, Bunna, Enat, Wegagen, and ZamZam banks, the reach and impact of digital lending are set to expand exponentially.A Year of Impact Reflecting on the past year, COOP’s initiative has been nothing short of remarkable. With a disbursement of 946 million Br, they’ve reached out to the grassroots, empowering over 100,000 users from farmers to fledgling enterprises.

This is a testament to the transformative power of accessible finance. The journey doesn’t end here. In a strategic partnership with Kifiya Financial Technology Plc and the Mastercard Foundation, the program is poised to infuse an additional 300 million dollars into the ecosystem. Close to half a million businesses stand to gain from this financial windfall.

Ethiopia faces a substantial financing shortfall, estimated at around 4.3 billion dollars. The roadblocks are many limited access to non-collateralized financing, an underdeveloped digital and credit infrastructure, and the inherent risks and costs that deter financial institutions from taking the plunge.
Munir Duri, CEO of Kifiya, armed with a vision to redefine Non-collateralized digital credit as the new standard in the industry.. It’s more than just technology; it’s about crafting a new norm where digital credit sans collateral becomes commonplace.

This is more than a financial program; it’s a movement. Mainly about empowering businesses, big and small, to reach their full potential. It’s about building a future where every entrepreneur has a fair shot at success. So, let’s embrace this digital revolution and watch as it unfolds a new chapter in the story of Ethiopian enterprise.