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.
Score a Trip of a Lifetime: Fly to the FIFA World Cup 2026™ with Coop VISA Cards
The world’s biggest football stage is calling, and Coopbank is ready to take you there. In partnership with Visa Inc., we are offering an exclusive opportunity for our cardholders to win a fully sponsored trip to experience the FIFA World Cup 2026™ live in North America.
Your everyday purchases are now your ticket to the North America stadium.
Eligible Cards
- VISA Classic Debit (Conventional and IFB)
- VISA Classic Prepaid (For abroad travelers)
- VISA Platinum Prepaid (For Platinum Customers)
How to Enter
Participation is simple and automatic. No registration is required.
-Transact & Qualify: Use your Coop VISA Card at any POS terminal and pay a minimum of 200 ETB locally or 20 USD internationally, or deposit cash starting from ETB 1,000 via our modern ATMs
-Earn: Each qualifying transaction automatically generates a lottery ticket in your name
Strategic Ways to Win
-The more you use your Coop VISA Cards, the higher your chances of winning.
- Every qualifying transaction counts as an entry
-Earn up to 5 tickets per day, per card
-Get a maximum of 2 tickets per POS location daily
Use your card for shopping, dining, and everyday spending. Each swipe brings you closer to the biggest stage in football.
The Grand Prize: A VIP Experience
Lucky winners will enjoy a once in a lifetime journey to North America, including
- Round trip international airfare
- Luxury accommodation
- Official match tickets to experience the electrifying atmosphere of the FIFA World Cup 2026™ live
This is more than a campaign. It is your chance to be part of football history.
Start transacting. Start winning. The world is waiting!
Coopbank Officially Launches VISA Card Services and “Travel to FIFA World Cup 2026™” Campaign
Coopbank has announced a major milestone in its digital transformation journey with the official launch of its International Card Services in partnership with Visa. This initiative marks a significant step toward expanding modern, secure, and globally accepted payment solutions for its customers.
As part of the launch, the Bank has introduced a suite of VISA card products tailored to different customer segments. These include the VISA Classic Debit Card (available in both Conventional and Interest-Free versions), the VISA Classic Prepaid Card designed for international travelers, and the VISA Platinum Prepaid Card, which offers enhanced services for high-value customers.
To commemorate this milestone, Coopbank has also unveiled the “Travel to FIFA World Cup 2026™” campaign, offering customers a unique opportunity to attend the FIFA World Cup 2026 in North America.
Through this campaign, two lucky customers, each accompanied by one guest, will win a fully sponsored travel package. The package includes round-trip airfare, accommodation, meals, match tickets, and other related expenses, enabling winners to experience one of the world’s most prestigious sporting events live.
The campaign is designed to encourage customers to adopt digital payment solutions and actively use their Coopbank VISA cards for both domestic and international transactions. By doing so, customers not only benefit from secure and convenient banking services but also stand a chance to win this once-in-a-lifetime experience.
Coopbank remains committed to delivering innovative financial solutions that enhance customer experience while connecting them to global opportunities.
Customers are encouraged to start using their VISA cards today and take part in this exciting journey to the FIFA World Cup 2026™.
Coopbank Celebrates 21 Years of Excellence
Coopbank celebrated its 21st Anniversary with a series of events held at the Head Office, District, and Branch levels across the country. The celebrations brought together the Bank’s leadership and employees to commemorate more than two decades of growth, innovation, and steadfast commitment to its purpose of “Empowering Communities and Transforming Lives.”
Over the past two decades, Coopbank has grown into one of the leading banks in Ethiopia, driven by its strong focus on financial inclusion, digital transformation, and customer-centric services. The Bank continues to empower entrepreneurs and small businesses through uncollateralized digital loans provided via its Michu platforms, while facilitating seamless transactions through Coopay E-birr, its digital payment ecosystem. Coopbank also remains committed to supporting cooperatives and farmers through tailored financial solutions that enhance productivity and promote sustainable economic development.
As it marks this significant milestone, Coopbank reaffirms its commitment to innovation, customer-centric service, and expanding inclusive financial opportunities for communities across the country
Coopbank Celebrates International Women’s Day 2026
Coopbank, renowned for its commitment to empowering women for a brighter future, proudly celebrated International Women’s Day 2026. The occasion was marked by a vibrant gathering at the Bank’s Head Office, bringing together senior leaders and outstanding women professionals who are making remarkable contributions in leadership and frontline roles across the institution.
The celebration highlighted the Bank’s continued dedication to promoting gender equality and recognizing the vital role of women in driving innovation, strengthening communities, and shaping a more inclusive future. Through its inclusive workplace culture and targeted financial solutions, Coopbank remains steadfast in its mission to empower women and support their journey toward economic independence and leadership.
Coopbank Achieves ISO/IEC 27001:2022 Certification
Cooperative Bank of Oromia is proud to announce that it has officially obtained the ISO/IEC 27001:2022 certification, recognizing the Bank’s strong performance in payment systems security, customer information protection, and digital banking operations.
Successfully completing this rigorous certification process in less than six months, despite infrastructure capacity constraints, diverse payment platforms, and high transaction volumes, marks a significant milestone in the Bank’s continued digital transformation journey.
This achievement reflects strong leadership, effective teamwork, robust stakeholder collaboration, and disciplined project management across the organization.
Most importantly, it reaffirms our unwavering commitment that customer information security is not only our highest priority, but also a fundamental pillar of our institutional purpose.
Coopbank Achieves PCI DSS v4.0.1 Certification!
We are thrilled to announce that Coopbank has officially achieved PCI DSS v4.0.1 Certification, the premier global benchmark for payment security. This landmark achievement was formally recognized by ControlCase at the 15th Annual Global Conference 2026, positioning Coopbank at the forefront of global data security and operational excellence.
Completing this rigorous certification in under six months is an extraordinary accomplishment for an institution of our scale. It reflects the resilience of our complex payment ecosystems and our ability to manage high transaction volumes with world-class precision and speed.
This milestone goes far beyond simply meeting standards it is a testament to Coopbank’s strategic commitment to data privacy and robust security. Through the dedicated collaboration of our leadership, cross-functional teams, and partners, we have strengthened and future-proofed our digital infrastructure.By achieving this standard, we are laying a solid foundation for the future of digital banking and payment innovation. This is a proud moment for our organization and partners, but most importantly, it is a promise kept to our customers: your security is not just a priority, it is our mission.
Coopbank Launches Digital Lottery Sales Service
Addis Ababa, January 13, 2026 – Coopbank has officially launched its Digital Lottery Sales Service through Coopay E-birr, marking a major milestone in Ethiopia’s digital transformation toward 2030. The launch was held alongside a Foreign Exchange Customer Awards Ceremony, where 63 winners received prizes including a BYD Seagull electric car, two electric bicycles, and laptops. Implemented in collaboration with the Ethiopian Lottery Service and TamCom Software Solutions, the service provides a secure, convenient, and fully digital way to participate in lottery sales via Coopbank branches or the Coopay E-birr mobile wallet.
Speaking at the event, Abdi Fekede, Acting Chief Operating Officer of Coopbank, said, “Customers can now easily access lottery sales through Coopbank or Coopay E-birr, the country’s third-largest mobile wallet with over 21 million users and more than 4.8 trillion birr in transactions processed.”
With its user-friendly, secure platform, Coopay E-birr is set to make digital lottery participation widely accessible, reflecting Coopbank’s commitment to financial innovation, digitalization, and enhanced customer engagement.
Coopbank Driving the Digital Agenda at the 2nd Ethiopian Digital Payments Conference
Addis Ababa – December 9, 2025: - Coopbank is an active participant in the 2nd Ethiopian Digital Payments Conference, which is being held today at the Skylight Hotel for the official launch of the National Digital Payment Strategy 2026–2030 (NDPS 2.0).
As a highlight of the conference, Coopbank has been invited as a presenter to showcase its digital solutions as a leading industry case study. This demonstration clearly underscores the Bank's commitment to and success in supporting Ethiopia’s national digitalization strategy and its robust efforts to expand digital financial inclusion. Furthermore, the Bank is exhibiting its innovative digital solutions at the expo, where the Coopbank stand has already attracted visitors, including several higher officials. Coopbank continues to lead the way in digital transformation, ensuring seamless and inclusive financial access for all Ethiopians.
Michu Hits Major Milestone, Disbursing Over ETB 40 Billion
Coopbank proudly announces that Michu, its fully digital lending platform, has disbursed over ETB 40 Billion to entrepreneurs nationwide, all without requiring collateral. In partnership with KIFIYA Financial Technology, Michu now serves 2.44 million accounts, providing fast and secure access to finance.
More than a loan service, Michu is a growth engine for businesses, helping entrepreneurs expand, create jobs, and unlock new opportunities. Accessible via mobile devices, it makes finance faster, more convenient, and more inclusive.
Coopbank continues to deliver innovative digital solutions that strengthen financial inclusion and empower Ethiopia’s digital economy.