ACSI distributes over 2.7 bln birr loan in nine months

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Addis Ababa, 19 April 2014 (WIC) - The Amahara Credit and Saving Institution (ACSI) said it has distributed more than 2.7 billion birr loan during the past nine months.
Institution Managing Director, Mekonnen Yelewmwosen, told WIC the stated sum of loan was disbursed to more than 600,000 compatriots engaged in various sectors.
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 6 billion birr loan this budget year, he said. Some 99 per cent of beneficiaries of the loan service on average repay their loan.