Funding female entrepreneurs: the Ethiopian women who turned to each other when the banks said no - Positive News - News Summed Up

Funding female entrepreneurs: the Ethiopian women who turned to each other when the banks said no - Positive News


‘When women group together, great things happen,’ say the women who set up a savings and loan association in Addis Adaba, EthiopiaDo you have a bank account? They grouped together and formed a VSLA, a Village Savings and Loan Association. And called it Enat Fiker, meaning mother’s love. Already, 5,000 women entrepreneurs from the slums within Addis Ababa have been supported in collectively saving money, developing their business skills and facilitating access to affordable loans. Since it was established two years ago, Enat Fiker has become one of the strongest VSLAs in Kirkos, Addis Ababa


Source: Ethiopian News May 01, 2019 13:18 UTC



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