Access to Capital - Ethiopia
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Access to capital for women in Ethiopia
Lack of access to finance is one of the major barriers facing women entrepreneurs in Ethiopia, and even for those women entrepreneurs who are already in business and are skilled in aspects such as production, marketing or sales, limited knowledge in identifying sources of funding for their businesses remains a challenge. This section provides information for Ethiopian women about the products and services of funding organizations which provide free or affordable finance to women entrepreneurs and their basic requirements to access these products and services.
SOURCES OF FUNDING
Women’s Entrepreneurship Development Project (WEDP): is a project designed to address the key constraints for growth-oriented women entrepreneurs in Ethiopia. WEDP is building the basis for establishing a sustainable women entrepreneurs’ financing mechanism and building the capacity of financial intermediaries to serve that specific market segment. For further information about WEDP see contact information below;
Tel: +251115577227 / +251115585061 or toll free: 8658
Email: edp.addis@gmail.com
Website: www.wedp.webs.com
List of Microfinance Institutions (MFIs) working with WEDP
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| Microfinance Institutions | Location and Telephone No. |
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| Amhara Credit and Saving Institution SC | Bahir Dar, Gondar 058-220-16-51 /52/ or 058-2206590 Mob. 0918-340256/ 058-220-16-51 /52/ or 058-2206590 Mob. 0918-340256/ |
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| Addis Credit and Saving Institution SC | Addis Ababa & its surroundings 0111-572720 /0118-957027 Mob. 0911-406174 0913381837 |
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| Dedebit Credit and Saving Institution SC | Mekelle, Axum 034 441 9995 |
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| Meklit Microfinance Institution SC | Addis Ababa, Adama 0115-512109 Mob. 0911 -318625/0113482183 |
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| Metemamen Microfinance | Addis Ababa, , Adama, Asella 0116-615398 Mob. 0913-460432 |
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| Omo Microfinance Institution SC | Hawassa, Dilla 0462-202053/0462214572/73 046-2202051/53/ 046-2208028 Mob. 0966 196111 |
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| Oromia Credit and Saving Institution SC | Adama, Addis Ababa, Dire Dawa, Harar, Shashemene 0115-534870/72/ 0115-571159 0115-571118/0115-571133 Mob. 0935987372/0912 16 64 49/0911428568 |
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| Specialized Financial and Promotional Inst. (SFPI) | Addis Ababa & its surroundings 0116-614804/622780/81 Mob.0919913015, 0911625576 |
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| Wasasa Microfinance Institution | Adama / Alemgena, Adama, Asella 0111-234181/82/83 Mob. 0911-673822/ 0113384133 |
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| Vision fund Microfinance Institution SC | Addis Ababa, Adama, Dilla, Hawassa 0116-463569/0116511435 |
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| Agar Microfinance SC | Addis Ababa & its surroundings 0116-183104/0116-183382 Mob 0911-689457 |
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| Harbu Microfinance SC | Addis Ababa, Asella 0116-631878 or 0116-185510/0116513834/ 0116 61 00 16 Mob 0916-823985/091151 26 33 |
BANKS LENDING TO WOMEN IN BUSINESS
Enat Bank S.C: is dedicated to helping women succeed in business and personally, by providing products and services to help sustain women-owned SMEs.
Collateral Saving: in the collateral saving account, you will deposit a certain amount of money that will be blocked for a period of time; and which the Bank uses as a guarantee for women entrepreneurs. The Bank in affiliation with development partners shall work on relevant training and business advisory services for potential beneficiaries of the scheme.
Women Special Loan: The “Enat Loan to women” against cash collateral deposited by willing individuals is a loan for women-owned SMEs, for whom the lack of collateral is a bottleneck to the growth of their business.
Women Savings Account: the “Enat Bank Women Saving Account” is for women who are looking to build their savings habits, and benefit from the highest interest rate provided by the bank, as privileges for women empowerment.
For further information about the Enat Bank’s services click on this link.