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Loan beneficiaries becoming successful
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Thursday, 07 May 2009 |
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Harar, May 7 (WIC) – Some residents of the Harar town said they are improving their livelihood through the loan services facilitated by the state government for low income people.
Among the beneficiaries, Martha Tsegaye said she is leading a stable life by engaging in vegetable and fruit trade utilizing the 2,000 birr loan she obtained from the Harar credit and savings institution. Fitsum Tesfaye and Tamiru Gizaw also said they are running their own shop and are expanding their business with the loan they obtained from the institute. Harar credit and savings share company manager, Arif Abdulaziz said on his part that the share company has so far disbursed close to 10 million birr to 2,738 beneficiaries. He said beneficiaries of the loan service are becoming successful by engaging in fruit trade, commodities, metal and wood work, hair dressing and other micro and small scale enterprises receiving from 2,000 to 6,000 birr each. Most of the beneficiaries have reimbursed the loan they received within a year, the manager said, adding the institution has provided over 2.8 million birr in loan over the past nine months. |
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Last Updated ( Tuesday, 06 October 2009 )
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