Institution provides over 918 mln birr loan

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Addis Ababa, 8 April 2014 (WIC) - Addis Credit and Saving Institution (ADCSI) said it has disbursed over 918 million birr loan to beneficiaries during the last eight months of this budget year.
Institution Public Relations Head, Mieraf Alemayehu, told WIC the loan was distributed to 18, 983 people engaged in small and micros enterprises (SMEs), manufacturing, construction, and trade and service sectors.
The plan was to provide close to 959 million birr to 21,159 people, according to Mieraf.
She said the institution also collected more than 681.2 million birr saving from clients, surpassing its projected targets by more than 94.8 million birr.
Established 2000, ADCSI is contributing its share in the efforts to alleviate unemployment in the city, it was learnt.