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A building constructed in the town of Gondar, in the Amhara Regional state, for a micro bank and branch office of the Amhara Credit and Saving Institution (ACSI) with 31 million Birr was inaugurated on Friday. On the occasion, Institution Managing Director, Mekonnen Yelewemwossen, said the Institution managed to improve the livelihood of citizens. Mekonnen also expressed the readiness of the Institution to further strengthen its contribution in the ongoing effort to reduce poverty. During the last 17 years, the number of people who benefit from the Institution has increased to over 775,000 from only 672. Its capital has now reached over 3.7 billion Birr from 272,000 Birr. Some 56 per cent of the beneficiaries are women. Amhara Regional state Deputy Chief and Regional Agriculture Bureau Head, Gedu Andargachew, on his part said the Institution helped the needy to improve their livelihood. Gondar area office manager with the Institution, Teshome Molla, on the occasion said construction of the building will help to modernize the services of the institution.
(Ethiopian News Agency