Oromia Bank, established for 15 years ago, has raised 54 billion birr in the form of savings. The bank has announced that it will provide 26% of the 43.5 billion birr for loans to small and medium enterprises. Of the 43.5 billion birr offered for loans, an average borrower will receive 1.5 million birr from the Oromia bank.
CEO Oromia Bank stated that 14.5 billion birr had been allocated to over 7,000 small business owners, with an additional one billion birr directed towards the agricultural sector.
Moreover, the CEO of the bank, Mr. Teferi Mekonen, confirmed that loans will be distributed to the customers of the Oromia bank and high borrowers. High borrowers are those who will borrow 5 million birr on average.
The Bank confirmed loan provision to the manufacturing, export, construction, and services sectors which created various job opportunities. Mr. Teferi Mekonen said that the ratio of the loan which is not paid on time is between 1.6% to 2%.
Last week, Oromia Bank announced that it has signed a 1 billion birr contract for the construction of the second phase of the Center of Excellence that will be built in Gelan Oromia. The CEO said Oromia Bank is currently undertaking the construction of the Gelan Center of Excellence and Convention, including its new headquarters.
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Annis hojji dhabadha!
Hojji Barbados!
Ani naggaadedha sababa kapitaala hin qabneef harkkarra gara afaanii naduraa ta’e maallaqa liqiin nabarbaachisa 1.5 mil naaf liqeessa
Jabaadha baay’ee gaarii isiin wojjiin jiraa
Baankiin oromiyaa tajaajila isaa maaliif hin baballifne kanneen akka tajaajila mobile bank biyya keessaaf alatti osoo banatee hojetee bareeda
Agricultural cooperative need your loan to invest 50 hecter of farms
Need Detail of how to starting the process
Your response will be appreciated
Best wishes
small business with complete proposal
I’m Omer Abdurkadir
Have 50 hecters for farm land, need to get loan to invest my farms
Soon as possible I get some amount of loan from your bank I start
Can you offer me please
Thanks
Hy l am find job
Hello. I’m Jafeni, manager of Amazon’s US headquarters (Ethiopia regional operations). We are recruiting amateur online staff. This position only requires you to make money by working from home on your phone or computer. Are you here to get this job?
Good idea
I want to borroed 1000000 birr to business
I want loan 400000 Ethiopia birr
I have a desier to do businesses but i can’t get the money if it’s treu you want me to work on loan??
Too much talk, no walk. Who is going to get money to improve his company’s business, when, you can’t be sure to own a Company anymore