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Ethiopia - Amhara Credit and Savings Institution and Dedebit Credit and Savings Institution among Top 50 Microfinance Institutions
Two Microfinance Institutions from Ethiopia are among the Top 50 Microfinance Institutions in the world according to a report by Forbes magazine. Amhara Credit and Savings Institution ranks sixth in the world and Dedebit Credit and Savings Institution ranks 31st in the world.
With 537,000 borrowers and another 225,000 savers (as of December 2006), Amhara Credit & Savings Institution in Ethiopia is one of Africa's largest microfinanciers. On overhead it consumes only 5 cents of every net dollar lent (that's after interest costs are subtracted).
It keeps staff costs low and is frugal on such expenses as electricity. These microlending organizations have low default rates. The share of Amhara's loans in default or more than 30 days late on interest and principal payments, as of year-end 2006, was 1.5%.
These Institutions were chosen from a field of 641 micro-credit providers. To qualify, the institutions must have made available their audited financials and must have passed review by a Forbes panel of advisers.
According to Forbes, The rank is based on the size of their gross loan portfolio; efficiency, which considers operating expense and the cost per borrower as a percent of the gross national income per capita of their country of operation; risk, which looks at the quality of their loan portfolios, measured as the percent of the portfolio at risk greater than 30 days; and return, which is measured as a combination of return on equity and return on assets. Each category is equally weighted for an institution's overall ranking.
Source: Forbes Magazine
|2||Bandhan (Society and NBFC)||India||108||49||42||1|
|3||Banco do Nordeste||Brazil||46||27||213||25|
|4||Fundación Mundial de la Mujer Bucaramanga||Colombia||58||72||193||1|
|6||Amhara Credit and Savings Institution||Ethiopia||56||126||118||42|
|31||Dedebit Credit and Savings Institution||Ethiopia||50||246||80||154|
If gurages’ were allowed to have a microfinancing institution as that of the Amhara and Tigres’,they could have achived even more given that they are good with money.But thanks to the FECKING TPLF regime,we are grouped in a region where most of the inhabitants never saw any kind of currency.This is social apprhension at it’s best.
when there is always a progres it is people like digging the negative attitudees and pulling Ethiopia backwards. Now, It is the Amharas credit institution and the gurages too. Before you get into conclusion be aware of your soroundings. for your information the microfinacing is opeating in nations and nationalities. The Amharas Microfinacing outperfromed the world. Are you aware of competency?
Why don’t you clean your mind from the Ethnic sickness you are suffering from?
You said Guragee. I say Ethiopians. If you don’t agree with me about which guragee are you talking about? As far as the siltes concern, they already voted in the referendum not to be part of the guragee zone and also not to be called as guragee while their language is more close to Amharic than any languagigna from the guragee groups. Or are you talking about Sodo, 7 bete and etc.
Please clean your mind from this shit idea. We all look the same naturally. We don’t need to be told about our differences.
i’m sure you have no idea what is going on inside the so called Guragee. There are big differences than similarities.
Good Job Amhara Credit employees!
Hiruy: good points but be kind to the person. When a man is sick, you do not insult him why he is sick, rather you give me a remedy. Hiruy, in your last statement I think this is what you wan to say: There are big similarities than differences.
ALKASHA, I love what you said
Comment from: Alkasha [Visitor]
“when there is always a progres it is people like digging the negative attitudees and pulling Ethiopia backwards. Now, It is the Amharas credit institution and the gurages too. Before you get into conclusion be aware of your soroundings. for your information the microfinacing is opeating in nations and nationalities. The Amharas Microfinacing outperfromed the world. Are you aware of competency?”
Thank you for your good input… the name might be AMHARA but is serving the nation ET. I am simlpy proud when I see progress such as this in ET or for ET. good job to the managment for our counrty on the top of the world.
Amhara Credit, too funy! Those ppl are building themselves in the background. Good job, at least it is nice to hear that they are rich enough to save their region from starving to death.
Dedebit Credit and Savings Institution was established before the Amhara Credit and Savings Institution.
Next time the Oromia Credit …will be the first in the world.
BTW is that “Amhara” or “Amara"???
[It’s spelled “Amhara” on Forbes.com]
This news is pleasant and encouraging.
What is Dedebit and who are they?
Is the Amhara S&L genuine? Amharas have been the sole losers among all having lost land, houses and cash under the current and the regime that precedes it.
Congratulation Amhara S & L, and Dedebit S & L.
This is it. That’s what we need organizations like this Savings Institution so people can borrow money for short use and paid back with only minimum interest.
I know the Dedebit crdit unoin is doing well interms of given loan to needy borrower.
EPRDF will take the credit for all these activities. Yeha
Hiruy dingay ras.
Which part of gurage don’t you understand? Have i mentioned silte?ofcourse Not,even for your satisfaction silte is a distinct ethnic group and there is no way i can relate them with that of gurages. Of course,gurages seem to be devided for the time being thanks to the divide and rule policy of the scum bag woyanes.Grenade ras…just for the future don’t open your filthy mouth with a dash of knowledge in a topic that is above your mental capacity to investigate.
Z-mike …Ethiopia,mother land,emiye … blah blah, do you think the opressed ethiopians buy this bull crap anymore?
you call yourself a LION but you thinking is not as good as a fly. move on from ethnic name calling that is the cancer in our country. if you accuse and name calling the TPFL - then you are no better. please let us cleanse ourselves from such disease.
Think not like a lion. Just behave like a human being.
yesew rasna yedingay ras meleyet yemaichilew anbessa new, just because he is just a beast.
way to go guys!!
ok the Merry Christmas and Happy new year!
Good job! While Amara in Diaspora cry Wolf, Amaras back home are showing magnificent progress to over all Ethiopian economical growth.
Can you imagine what the money that went to kinijit and looted by Shaleka and company coulud have done, shoul it got invested in Amahra Bank? Go and Figuer that out yourselves die hard cud supporters.
God Bless Ethiopia!
Is this microfinancing credit or debit unionj had recieved the CUD’s 1.2 million dollar which was stolen from their account?
Conquering Lion of the Tribe of Judah, King of Kings of Ethiopia and Elect of God———–finally proving the point, which is bullshiting as usual.
I guess abyssinians came out in droves and unusually united as one.when you are the main benifactor,you will make silly arguments to cover your ass.
Z-Mike, I love you mentioned this:
ALKASHA, I love what you said “when there is always a progres it is people like digging the negative attitudees and pulling Ethiopia backwards
After reading your comment and others here, I remembered a joke that I heard long time ago. I think it mimics us very well. It goes like this: God dug holes in hell for all countries and he placed guards for each hole except Ethiopia. An observer asked God why there is no guard for Ethiopia. God answered, there is no need to waste any guard for Ethiopia; if one Ethiopian tries to climb out of the hole, another Ethiopian from the hole will pull him down.
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