Investment & Finance

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Access to finance

A major obstacle Ethiopian farmers have to overcome in upgrading and expanding their agricultural activities is the lack of access to finance. Micro-Financing Institutions (MFIs) have been impaired in their efforts to extend production credit to farmers by lack of sufficient credit funds and limited institutional setup.

The MFIs, as well as Farmers’ Cooperatives Unions (FCU’s), suffer from difficulties in obtaining loan funds from public banks since the sector often finds it easier and less risky to lend to industries and businesses they are familiar with rather than lend to the agricultural sector which is almost entirely based in rural areas. Only 10% of public and private bank loans usually go towards strengthening the agriculture sector. Lack of skilled manpower and weak institutional setup are also significant concerns.

AGP-AMDe focuses on increasing access to finance for participants all along the value chain to enable increased investment, improved productivity and expanded trade. The project continues to promote new solutions to agricultural finance issues by building the financial management capacity of farmers’ cooperatives, Saving and Credit Cooperative unions and MFIs.  Thus, creating a linkage and facilitating loan applications for partners to access working capital and asset financing as well as promoting agricultural equipment leasing as alternative financing. In doing so, 18 FCUs have been assisted to obtain USD $6.6 million of working capital and project financing in the past twelve months.

 

Women sort coffee beans at a USAID-assisted processing facility in Ethiopia, where USAID is working with local farmers to increase specialty coffee production and sales.

Women sort coffee beans at a USAID-assisted processing facility in Ethiopia, where USAID is working with local farmers to increase specialty coffee production and sales.

Micro-finance Institutions (MFIs) and Saving And Credit Cooperatives (SACCOs)

Amhara Credit and Saving Institutions S.C (ACSI)

Mr.Mekonnen.Y

acsi@ethionet.et
058-220-16-51/52
Bahir Dar
Agar Microfinance S.C

Mr. Hailu.L

amfsc@ethionet.et
046-1105952
Shasemene
Africa Vilage Financial services S.C (AVFS)

Mrs. Kibre Dawit

avfs@ethionet.et
0113-204732
Bussa Gonofa MIcrofinance S.C

Mr.Teshome.Y

bgmfi@ethionet.et
0114-654155
Dedebit Credit and saving Institutions S.C (DECSI)

Mr.Atakliti.K

decsi@ethionet.et
034-4409306
Mekelle
Digaf MIcrofinance S.C

Mr. Feleke B.

nlco@ethionet.et, dmcps@ethionet.et
0112-132928
Eshet MIcrofinance S.C

Mr.Kebede

eshetmfi@ethionet.et
0113-206451/53/52
Gasha MIcrofinance S.C

Mr.Nebeyleul.T

gashamfi@gmail.com
0116-558830
Harbu MIcrofinance S.C

Mr.Tesfaye B.

harbumfi@ethionet.et
0116-631878
Letta MIcrofinance S.C

Mr.Solomon T.

ldllakhc@ethionet.et
0116-636947
Metemamen MIcrofinance S.C

Mr. Gemechu

mmfisc@ethionet.et
0116-615398
Oromia Credit and saving S.C (Ocssco)

Mr. Teshome

ocssco@ethionet.et 
0115-534870/72/73
Omo MIcrofinance S.C

Mr. Ake

omomicro@yahoo.com 
046-2202053/52/51
Awassa
Poverty eradication and Community Empowerment Microfinance Institutions S.c (PEACE)

Mr. Tezera K.

peace@ethionet.et 
251-11-6521541 / 42
Specialized Financial and Promotional Institutions S.C (SFPI)

Mr. Solomon

sfpi@ethionet.et
0116-614804/622780/81
Sidama MIcrofinance S.C

 Mr. Tarkegn

Sdc10@ethionet.et
046-2200850/ 204704
Awassa
Wasasa MIcrofinance S.C

Mr. Amsalu A.

wasasamf@ethionet.et 
0111-234181/82/83
Wisdom MIcrofinance S.C

Mr. Werku T.

wisdom@ethionet.et 
0116-463569/0116-511435
Lefayeda Credit and Saving S.C

Mr. Muluken B.

lefayda@ethionet.et
Dynamic Microfinance Inst.S.C Addis Ababa

 

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