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.