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Credit,Savings
Company disburses about 18 million birr loan to micro,small-scale traders |
| Mekele, December 16,2005 (WIC)- The
Dedebit Credit and Savings Share Company has reportedly disbursed close to 18
million birr loan to individuals engaged in micro and small-scale businesses.
Acting Public Relations Head of the Share Company, Alem Fiseha told WIC today that the loan has been given to over one thousand individuals in 11 towns during the past 10 months.
The beneficiaries have been engaged in wood and metal works, cattle breeding and fattening as well as handicrafts works, among others, with up to 30,000 birr loans they each received during the past two years,he said.
The objective of the credit service is to enable individuals who have failed to grow their businesses due to financial shortage secure money and benefit themselves and the public,he added.
The first beneficiaries of the loan services have improved their livelihoods in various ways, Alem also noted. |
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