ACSI attains plan ahead of GTP period

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Addis Ababa, 23 April 2014 (WIC) - The Amhara Credit and Saving Institution (ACSI) said it has attained the saving plan ahead of the Growth and Transformation Plan (GTP) period.

Institution Managing Director, Mekonnen Yelewmwosen, told WIC the institution has set a plan to rake 3.7 million birr from depositors by the end of the GTP period.

However, it has so far collected 4 billion birr, thus surpassing the plan ahead the GTP period which will end next year, he said.

Similarly, ACSI has distributed over 2.7 billion birr loan to over 600,000 compatriots engaged in various sectors during the past nine months.

Beneficiaries of the loan 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.

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