Dashen Bank Grants Funding to Development Projects in Southwest

Sep 10 , 2022

Dashen Bank has granted five million Birr in funding towards development works in the country's youngest regional state. Over one million people in six zones of the Southern Regional State voted in favour of forming the country's 11th regional state, the Southwestern Regional State, during a referendum held in October last year. Last week, Dashen Bank availed 25 million Br in loans to businesses operating in the Gambella Regional State. The credit will be disbursed through Gambella Microfinance Institution. It is not the only one in the industry attempting to penetrate new markets through similar schemes. Last month, Awash Bank launched a programme dubbed “bridge” to reach out to underserved segments of the market through microfinance institutions (MFIs). The Bank has made 5.5 billion Br available in credit for small enterprises and farmers to be disbursed through MFIs in the coming three years.