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In Ethiopia, microfinance lifts poor out of poverty

In Ethiopia, microfinance lifts poor out of poverty
From MyJoy Online At the outskirts of this town, 45 kilometres south of Addis Ababa, the Ethiopian capital, Aselefech Desalegn fights the flames she uses for baking enjera, Ethiopia’s staple flatbread. Like millions of poor Ethiopian women, she is also constantly battling to feed her children. In recent years her livelihood has depended on supplying enjera to hotels in the town. “Except for the... 

Ethiopia: Battling Poverty With Tiny Bits of Cash

Ethiopia: Battling Poverty With Tiny Bits of Cash
By Andualem Sisay, Africa Renewal Bishoftu – At the outskirts of this town, 45 kilometres south of Addis Ababa, the Ethiopian capital, Aselefech Desalegn fights the flames she uses for baking enjera, Ethiopia’s staple flatbread. Like millions of poor Ethiopian women, she is also constantly battling to feed her children. In recent years her livelihood has been supplying enjera to hotels... 

Ethiopia: KfW Provides Micro Loans Through Berhan

Ethiopia: KfW Provides Micro Loans Through Berhan
From Hadra Ahmed, Addis Fortune Berhan International Bank (BIB) is the fourth commercial bank to sign an agreement with KfW, the development bank of Germany, for the purposes of supporting micro-and-small size business enterprises. The agreement comes under the framework of the German government’s support to Ethiopia, provide lines of credit, and the project will be carried out by the CapitalLink... 

European Microfinance Award – and the winner is… Harbu Microfinance Institution, Ethiopia

From European Investment Bank - Harbu, an Ethiopian Microfinance Institution is the winner of the 3rd European Microfinance Award held on the 30th November at  the European Investment Bank. The Grand Duchess of Luxembourg, known for her staunch support to microfinance presented the award and the 100,000 euro prize to the laureate. The European Microfinance Award was created in 2005 in order to... 

Zemen Bank, KfW Sign Deal to Boost Microfinance

By Aderajew Asfaw – Addis Fortune – Zemen Bank SC is to offer parts of its loan funds to micro finance institutions (MFIs) through an agreement signed with KfW Entwicklungsbank, a developmental bank owned by the government of Germany, on Tuesday, July 6, 2010. KfW, through its Capital Link Project, will provide 50pc of the guarantee for the loans that Zemen will provide to MFIs, who...