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Omo Finance loans over 750 mln birr
Mines Minister Sinkinesh Ejigu said Over 767.8 million birr was loaned by Omo Micro Finance Institution to customers in SNNP state last fiscal year. Animal fattening, poultry farming and micro enterprises were the major projects the 91,000 loan recipients invested in, according to Institute Public Relations Head Solomon Geletu. Getachew Bedasso, Institute Dilla Branch Office Head, said they have about 39,000 clients around half of whom are women and they saved over 47 million birr. Recipients from Aletawondo town Engida Beyene and Sami Fate reported that they were able to improve their livelihoods and create jobs for others. Established in 1989 EC, the institute has so far loaned nearly three billon birr to 470,846 clients.
(The Ethiopian Herald)