Institution provides nearly 3.2 bln. Birr loan to beneficiaries

Friday, 03 August 2012 06:52

The Amhara State Credit and Saving Institution said it has provided close to 3.2 billion Birr loan to more than 775,000 beneficiaries in 2004EC budget year.
Public relation and documentation service head with the institution, Ayalneh Mihiretu told ENA on Wednesday that the stated number of people living in rural and urban areas of the state benefited from the loan service.

Ayalneh said 496,255 of the total beneficiaries are women.
The amount of loan provided to beneficiaries during the reported period exceeded by 1.3 billion Birr that of in the previous budget year.
The number of beneficiaries also increased by 80,400 compared to that of in the previous year.
He said the institution has given prime attention to increasing the benefits of women in the economic sector.
source:http://www.ena.gov.et

Last Updated on Friday, 03 August 2012 07:01

Add comment

JComments

ethiopia - Yahoo! Canada Search Results

Malawi leader jets in Ethiopia for AU’s Golden Jubilee Celebrations and Summit
Malawian President Joyce Banda arrived in Addis Ababa, Ethiopia on the evening of Friday the 24th May 2013 through Boli International Airport at exactly 20:30 where she was welcomed Ethiopian Government Ministers. Minister of Foreign Affairs and International Cooperation Mganda Chiume led the Malawi team in welcoming the President. Other officials included Malawis Ambassador to Ethiopia [...]
Kerry goes to Ethiopia for security talks, African Union anniversary
ADDIS ABABA, Ethiopia, May 24 (UPI) -- Security talks and celebrating the African Union's 50th anniversary were on U.S. Secretary of State John Kerry's agenda on a trip to Ethiopia.
Ethiopia: Economy to Expand By 11.3 Percent
[ERTA]Ethiopia's economy is estimated to expand by 11.3 per cent in the 2012/13 budget year. This is according to a 9 month performance reported to the Budget and Finance Affairs Permanent Committee of the Parliament by Sofian Ahmed, Minister of Finance and Economic Development.

Ethiopia's Economy Grows 10.6 Per Cent Annually Since 2004

"The growth over the last nine years was far beyond the growth rates recorded in aggregate terms for sub-Saharan Africa which was 5.2 per cent, less than half of Ethiopia's average real GDP (gross domestic product) growth rate during that period,"

Report By Worldbank