Diaspora Consumer Loans
Working Capital For All Businesses
Working Capital For All Businesses
Features
- Any diaspora who is running a business in Ethiopia can borrow working capital,
- Documents required for business loans include:
- Business license,
- TIN,
- Tax clearance,
- Financial statements or financial plans,
- Documents that related to collateral to be offered.
Benefits
- It helps to expand an existing business,
- Facilitation with advisory services regarding development opportunities in Ethiopia.
Personal Loan
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.
Diaspora Business Loans
Diaspora Business Loans
Coopbank offers Investment credit facility to enhance the potential of Diasporas to develop larger, more productive businesses investment in meaningful programs in their home country that can create jobs and economic growth back home.