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.