Michu has transformed access to finance for entrepreneurs across Ethiopia by disbursing over 30 billion birr to more than 1.9 million loan accounts in less than three years. As Ethiopia’s first fully digital, secured loan platform for micro, small, and medium enterprises (MSMEs), Michu removes the collateral barrier, making it easier for youth and women—who often face challenges securing credit—to access the funding they need to build sustainable businesses and improve their livelihoods.
Empowering Youth Entrepreneurs
A large portion of Michu’s users are young entrepreneurs who benefit from digital loans between 2,000 and 100,000 birr through products like Michu Guyyaa and Michu Wabi. These loans help them start businesses, buy inventory, and cover daily expenses, enabling many to grow and create jobs.. Interestingly, women hold 80% of the bank’s loan accounts, showing just how critical Michu is in advancing financial inclusion for female entrepreneurs.
Supporting Women’s Economic Independence
Michu Kiyya, a specialized program within the Michu platform, provides secured loans of up to 30,000 birr at low interest rates to women entrepreneurs. With a fast and simple application process, it has disbursed over 9.3 billion birr to about 1.3 million women, enabling them to invest in inventory, upgrade equipment, and expand their businesses. This support has boosted incomes and living standards, while Michu also offers financial literacy resources to help women better manage their finances.
Driving Inclusive EconomGrowth
By focusing on youth and women, Michu is making a huge contribution to Ethiopia’s economic development goals. It’s helping small businesses grow, creating jobs, and reducing poverty in communities across the country. Michu isn’t just about loans, it’s about changing lives, empowering entrepreneurs, and building a stronger, more inclusive economy for Ethiopia’s future.