Dr. Abraham shook the parliament!

Once upon a time in Ethiopia, an unexpected story unfolded about a devoted. In this tale, digital lending had gained immense popularity, revolutionizing the loan evaluation and disbursal process through the aid of computers.

To streamline the cost-saving measures, loan collections were automated. However, for this system to operate seamlessly, it required robust frameworks like credit scoring systems and reliable forms of identification.

Among the frontrunners in digital lending was Ethio Telecom, catering to a staggering two million individuals who relied on airtime credit each month.

In the past two years, Telebirr emerged as a dominant player, attracting a whopping 30 million users, supported by 101 thousand agents and 28 thousand merchants. It had established connections with 19 commercial banks and facilitated foreign remittances amounting to USD 1.95 million.