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The Amahara Credit and Saving Institution (ACSI) said it has distributed more than 2.7 billion birr in loans during the past nine months.
Institution Managing Director, Mekonnen Yelewmwosen, said that loan went to 600,000 Ethiopians who have been investing in many different types of businesses.
He said beneficiaries of the loan service are engaged in crop production, animal rearing, agro-processing, textile and garments as well as metal and wood works, among others.
The institution has set a plan to distribute the 6 billion birr loan this budget year, he said. Some 99 percent of beneficiaries repay their loan.
(Walta Information Center)