Awash Bank has launched an Employees’ Salary Loan through its “Tila” application, now integrated with the Telebirr platform, targeting workers in both private and government institutions whose salaries are processed via Telebirr or Awash Bank. Eligible employees can access loans equivalent to six months of their salary, up to one million birr, repayable over sixteen months. The launch was announced on 20 November at the Ethiopian Science Museum. At the event, the Bank also unveiled device financing for customers seeking to purchase Ethio telecom smart devices. Ethio telecom Chief Executive Officer Frehiwot Tamiru noted that the new financing service will enhance device affordability and boost smartphone adoption nationwide. Tila operates as a micro, non-collateral credit and savings platform. It offers services including Tila Micro Saving, Personal Micro Credit, which allows individuals to borrow up to sixteen thousand birr based on their Telebirr transaction history, SME loans ranging from fifty thousand to one hundred fifty thousand birr for periods of one to six months, as well as Cardless ATM and School Pay services. The Bank supports Tila with an annual credit supply exceeding two billion birr.laboratory tests.

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