Enat Bank to Provide Loans to Female Entrepreneurs
Much of the finance will be achieved through crowd funding, with international organisations also approached.
By Yonas Mulatu
Addis Ababa, Ethiopia -Â Enat Bank S.C. is planning to provide loans without collateral, in two months time, to women wishing to become entrepreneurs.
The project, which the Bank will start in collaboration with other stakeholders, like the Ethiopian Entrepreneurship Development Centre (EDC), the Centre for African Women Economic Empowerment (CAWEE) and the Prime Ministerâ€™s Office, involves financing and training.
The women will receive the loans after training for six days on document preparation, business recording and basic accounting, for literate women, and saving money, business planning and balancing incomes and expenses, for those who are not able to read and write. The training for the latter group will take around two to three days. The training will be conducted by the EDC.
Read more: Addis Fortune