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The Omo Microfinance Institution S.C (OMFI) said that it has distributed 657 million birr in loan in the first nine months of this Ethiopian budget year.
Institution Credit and Saving Sector Head, Gelta Gadena, said that the loan was given to a total of 633, 650 individuals engaged in agriculture, metal and wood works, animal breeding and over service sectors.
The company envisaged providing more than 1 billion birr loan this budget year, he said.
According to Gelta, clients of the company managed to save more than 496 million birr in the first nine months of this Ethiopian budget year.
Established in the SNNP State 16 years ago, the Omo Microfinance Institution S.C (OMFI) benefited several resident of the regional state.
(Walta Information Center)