Diaspora Personal Loan
A personal Loan is a loan term granted to diaspora communities to cover an applicant’s urgent financial requirements, such as expenses for domestic or foreign travel, medical treatment of self or family member, education fees, or any kind of personal expenses.
Features
- The loan period shall be up to 5 years,
- The amount of the loan will be determined by the bank based on the capacity of the borrower to repay the loan.
Eligible
- Non-resident Ethiopian nationals living and working outside Ethiopia,
- Non-resident foreign nationals of Ethiopian origin,
- Companies owned by the above-mentioned non-residents and located outside the Ethiopian territory for more than one year,
- Ethiopian nationals living and working abroad who can produce authenticated documents.