Michu: Empowering Ethiopian MSMEs Through Digital Lending
Welcome to Michu, the digital lending platform that understands your business needs and supports your growth. Whether you’re a small vendor, an aspiring entrepreneur, or an established MSME, Michu is here to help you thrive. Say goodbye to collateral requirements and long approval processes with Michu, your financing is just a few taps away.
Get Started with the App
Loans Tailored for Your Business
With Michu, we believe in making financing accessible to all. That’s why we’ve designed three unique products to meet the diverse needs of Ethiopian businesses
This product is ideal for medium-sized enterprises looking for significant capital. With loan amounts ranging from 50,000 ETB to 100,000 ETB, Michu Wabi provides the financial boost you need to expand operations, purchase inventory, or upgrade equipment.
Tailored for small businesses, including those operating informally like street vendors, Michu Guya offers loans between 5,000 ETB and 15,000 ETB. No business license? No problem. We focus on your potential, not paperwork.
Designed to empower women entrepreneurs, Michu Kiya provides loans up to 30,000 ETB with fewer service charges and minimal hassle. It’s our way of supporting women who are making a difference in their communities.
How It Works
Michu is entirely digital, making it easy and convenient for you to access the funds you need. Here’s how it works:
Download the Michu App
Available on major platforms, our app is your gateway to effortless financing.
Sign Up
Create your profile, link your bank account, and provide some basic details about your business.
Get Your Loan
Apply for the amount you need and receive approval instantly. Funds are transferred directly to your account, ready for use.
Achieve More
As you repay your loans on time, Michu’s AI-powered system increases your eligible loan amount, helping your business grow with every step.
Transforming Lives, One at a time
With over 1.3 million MSMEs already supported, Michu is making a tangible impact across Ethiopia
“When my business faced cash flow issues, Michu helped me cover my rent and keep the doors open.”
“Thanks to Michu, I expanded my street vending business without worrying about collateral.”
“As a woman in business, I found Michu Kiya’s low charges and easy process to be a game-changer.”
Pricing
Michu Guya
Daily/weekly- Credit Limit: 2K- 15KBirr
- Credit Period: 7 Days
- Access/Facility Fee: 12%
Michu Kiyya Informal
Days- Credit Limit: 3K- 5KBirr
- Credit Period: 14 Days
- Interest Rate: 3.75% per 14 days
Michu Kiyya Formal
Per month- Credit Limit: 10K- 30KBirr
- Credit Period: 30 Days
- Interest Rate: 3.75% per month
Michu Wabi
Per month- Credit Limit: 50K- 100KBirr
- Credit Period: 30 Days
- Interest rate : 8% per month & Access Fee: 2%
Privacy Policy
Michu operates strictly within all regulatory frameworks, ensuring a safe and secure lending experience for our customers.
Frequently Asked Questions
Michu Guya is designed for informal businesses, so a license is not required.
Approval is instant, and funds are deposited directly into your bank account
Repaying your loan on time increases your eligible loan amount for future applications, thanks to our AI-based system.
Your business deserves the chance to thrive, and Michu is here to make that happen. Download the Michu App today and take the first step toward your financial goals. It’s quick, it’s easy, and it’s designed with you in mind.