Month: April 2026
Coopbank Named Mastercard’s Top Farm Pass Partner in Africa for 2025
Coopbank is proud to be recognized by Mastercard as the Top Performing Farm Pass Partner in Africa for 2025, marking a major milestone in its efforts to digitally transform Ethiopia’s agricultural sector.
This recognition reflects Coopbank’s strategic commitment to modernizing agricultural value chains through the rollout of the Farm Pass platform across seven regions in Ethiopia. To date, the platform has onboarded nearly 600,000 farmers and over 1,070 cooperatives.
Through Farm Pass, cooperatives have digitized their operations, joined a digital marketplace, and established structured connections with off-takers. At the same time, farmers have been digitally profiled and onboarded, enabling the capture of verified production, transaction, and market data.
As a result, previously informal agricultural activities are being transformed into visible, trusted, and finance-ready digital records, enabling thousands of farmers to access data-driven credit while strengthening agricultural value chains end-to-end.
Coopbank CEO Mr. Deribie Asfaw and his team received the award during a ceremony held at the Coopbank Head Office, where it was presented by Mr. Shehryar Bakht Ali, Senior Vice President and Country Manager for East Africa and the Indian Ocean Islands at Mastercard, and his team.
This recognition highlights Coopbank’s continued leadership in advancing inclusive digital finance and promoting farmer-centric innovation across Ethiopia.
Michu Reaches ETB 50 Billion, Transforming Digital Lending in Ethiopia
Michu Digital Loan, Ethiopia’s first collateral-free digital lending service by Cooperative Bank of Oromia in partnership with KIFIYA Financial Technology, has achieved a remarkable milestone, disbursing over ETB 50 billion in just three and a half years.
Since its launch, Michu has played a transformative role in expanding access to finance, empowering millions of citizens and supporting entrepreneurs across the country. Through 2.8 million accounts, the platform has delivered fast, convenient, and uncollateralized loans, helping individuals and small businesses grow and thrive.
As a pioneer in digital lending, Michu continues to drive financial inclusion in Ethiopia by offering tailored solutions for diverse customer needs:
- Up to ETB 300,000 through Michu Wabi, designed for formal businesses
- Up to ETB 75,000 through Michu Kiyya, designed specifically for women entrepreneurs
- Up to ETB 15,000 through Michu Guya, designed for informal businesses
To ensure users always enjoy the best experience, the Michu platform is continuously updated, introducing new features and improvements to better serve entrepreneurs and businesses at every stage.
By providing flexible, collateral-free financing, Michu is not only transforming digital lending in Ethiopia but also unlocking new opportunities and driving inclusive economic development across the nation.
Whether your business is just starting out or already running, now is the perfect time to seize this opportunity and grow your venture.