Wegagen Bank, in partnership with Qena Software Design, a leading fintech company, has officially launched its new digital loan service named “Efoyta.” This service aims to cater to various segments of the community by providing accessible digital loans. The announcement was made on July 22, 2024, during a ceremony held at the Planet Hotel in Mekele.

The event was graced by esteemed guests, including Dr. Alganech Tesemma, along with board members and management of Wegagen Bank, clients, representatives from Qena Software Design, and other invitees.

The “Efoyta” digital loan service is primarily designed to support small, micro, and medium-sized businesses by providing them with the necessary capital to expand their operations and create job opportunities. Additionally, it aims to offer emergency loans to salaried employees.

Abdishu Husen, the Chairman of the Board of Directors of Wegagen Bank, highlighted that the service is intended to help individuals and businesses overcome financial challenges and realize their plans. He emphasized that many citizens face difficulties in executing their ideas due to financial constraints, and the “Efoyta” digital loan service will enable them to achieve their goals.

Moreover, Abdishu Husen noted that the launch of this service aligns with the bank’s strategic plan to provide financial services that improve the lives of various community segments. By offering accessible loan services, Wegagen Bank aims to enhance the financial inclusivity and economic well-being of numerous individuals.

This new service is expected to make a significant impact by transforming the lives of many people who previously had limited access to credit facilities. It reflects Wegagen Bank’s commitment to innovation and dedication to meeting the diverse financial needs of its customers.