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#Ethiopia Akufada Microfinance Foundation SA has reported in an explanation given today at Ras Amba Lodging in Addis Ababa that it will open its organization in Debrebrhan on October 12, 2015.

 

Akufada Microfinance Organization SA is a little monetary foundation laid out by 6 coordinators and 1 thousand 886 investors with 21 million paid in capital and 33 million marked capital as per the guidelines and guidelines of the Public Bank of Ethiopia.

 

Mr. Robel Nguse, the director of the leading body of the establishment, said that the organization is a monetary foundation that assumes a special part in giving credit administrations at reasonable loan fees to the low-pay segments of society who can't get to banking administrations.

 

Furthermore, it has been expressed that he has arranged credits with low interest installments for young people and ladies, as well concerning understudies in various fields of study who can't pay educational expenses.

 

The establishment has reported that different welcomed visitors will be available at the initial function on October twelfth in Debrebrahan and declared that it intends to open 30 branches in something like a half year of its opening.

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