Date: Mon, 2 Mar 2015 13:14:37 +0100
Saving and Micro Credit Program making vital contribution as regards
improving citizens’ livelihood
Barentu, 28 February 2015 – At a recent assessment meeting conducted in
Barentu city, it was stated that the Saving and Micro Credit Program is
making vital contribution as regards improving citizens’ livelihood.
Speaking at the MEETING IN
<http://www.shabait.com/news/local-news/19234-saving-and-micro-credit-program-making-vital-contribution-as-regards-improving-citizens-livelihood-#>
which
members of the program from various regions took part, Col. Andemariam
Gebremedhin, Director General of Finance and Administration in Gash-Barka
region, pointed out that the program has been launched in support to
nationals engaged in farming and rearing of animals, and stressed the need
for reinforcing it on the part of all government bodies. He also outlined
that many inhabitants of the region have been benefiting from the scheme.
Mr. Tafla Asmerom, Acting head of the Program, indicated that the objective
of the program is to inspire nationals with low income to mange improve
life through providing credit opportunity, and that a 5-year strategic plan
charted out to increase the amount credit to customers and raise the
interest rate to 95%.
In the report presented on the occasion by Mr. Goitom Habtetsion and Mr.
Tedros Haile, heads of Operation and Finance of the Program, respectively,
noted that credit coverage has been expanded thanks to higher dedication
of the staff members and the administrative and control of the program has
shown improvement. They further called for active cooperation of
administrations and other government bodies in all activities of the
program.
According to reports presented at the meeting, the number of village BANKS
<http://www.shabait.com/news/local-news/19234-saving-and-micro-credit-program-making-vital-contribution-as-regards-improving-citizens-livelihood-#>
increased
to 609 and the number of customers reached to 56 thousand and over 350
million Nakfa has been distributed to customers last year.
Saving and Micro Credit Program making vital contribution as regards
improving citizens’ livelihood |
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Saving and Micro Credit Program making vital contributio...
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Barentu, 28 February 2015 – At a recent assessment meeting conducted in
Barentu city, it was stated that the Saving and Micro Credit Program is
making vital contrib...
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