Loan Products
ETEGE
Yegna MFI provides financial support to women entrepreneurs by offering low-interest, long-term loans for startups and business expansion. These loans are exclusively for women-led enterprises, with interest rates lower than conventional rates. Loan terms range from 12 to 36 months, with repayment on a monthly or quarterly basis.
Youth Development Loan
Aimed at supporting young and productive citizens with financial and technical assistance, this loan is approved exclusively at the head office and focuses on empowering youth entrepreneurs.
Tibeb/Art Loan
TA specialized loan for artists to fund book publishing, music production, and art galleries. Disbursement can be one-time or phased, with a maximum term of 36 months and monthly or quarterly repayments.
Urban Agriculture and Innovation Loan
This loan supports agricultural activities in urban areas, including oxen, poultry, dairy, fattening, animal husbandry, irrigation, land rent, handicrafts, and beekeeping. The loan term ranges from 12 to 36 months, catering to small-scale farmers and agribusinesses.
Public Association Loan
Yegna MFI collaborates with governmental institutions and public associations (Eder, Shemachoch, Equib) to provide low-interest loans. Loan size is based on customer savings, capped at 1% of MFI’s capital, and requires 150% collateral coverage. Terms range from 1 to 24 months, with monthly or quarterly repayments.
Why Developmental Financing is Crucial
YMFI's Development Finance Initiative plays a vital role in promoting financial inclusion for underserved communities. By addressing key challenges in cash liquidity, training resources, and risk-sharing partnerships, we ensure sustainable growth and effectively support Ethiopia's marginalized groups in achieving economic empowerment.
Critical Strengths in Development Finance:
- Promotes inclusive economic growth
- Targets underserved market segments
- Drives sustainable development goals
- Strengthens community resilience
Partners in Development Finance
Our Development Finance Products
Urban Agriculture Loan
Boosts green initiatives and urban farming projects
Etege (Women's Finance)
Targets female entrepreneurs with favorable terms
Eshete (Youth Loan)
Empowers young entrepreneurs to establish businesses
Disability Loan
Financial inclusion for entrepreneurs with disabilities
Green Energy Loan
Supports sustainable energy adoption
Innovation Startup Loan
Funds innovative new business ventures
Public Association Loan
Funds social development and community projects
Water & Sanitation Loan
Improves access to clean water and facilities
Idea Financing
Turns innovative ideas into viable businesses
Our Financing Process
Consultation
Initial needs assessment and project evaluation
Application
Submit required documents and business plan
Approval
Fast-track underwriting and risk assessment
Disbursement
Funds released for project implementation
Success Stories
Addis Urban Farm
Used Urban Agriculture Loan to establish hydroponic farming
Green Energy Startup
Solar panel installation with Green Energy Loan
Women's Textile Cooperative
Etege financing for equipment and training
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Micro Business Loan
Micro Business Loans-It aims to support both the creation of new businesses and the expansion of existing ones. These loans have a social objective, focusing on empowering micro enterprises by tailoring products to their needs. The target groups include business owners in rural and urban micro businesses.
SME Loan
SME Loan designed to support new or existing SMEs in urban and rural areas, covering working capital and general business needs.
Housing, Construction & Renovation Loan
This loan is intended to assist eligible borrowers with the following purposes: Completing construction or renovation of buildings, Partial settlement of the purchase price for condominiums, Construction of small shops, Expanding or adding classrooms and other related construction and renovation needs.
Special Emergency Loan
The Special Emergency Loan provides short-term financing to address urgent financial needs. This loan is intended to support: Importers Contractors (e.g., for salary payments, customs payments) Any other business requiring immediate financing with a short-term return
Special Property Loan
This loan is designed for employees of YMFI’s strategic partners, offering a lower interest rate than conventional fixed asset loans. Loan terms range from 12 to 60 months, with monthly or quarterly repayments.
Commitment Loan
The Commitment loan is designed to finance the purchase of assets such as vehicles, houses or to utilize the loan to other personal consumption. This loan caters to clients who intend to save and deposit a portion of the loan amount over five months before asset acquisition. Clients must commit to depositing between 20% to 50% of the loan amount over five months in advance or on regular monthly deposit manner. The loan is available to individuals or organizations.
Fixed Asset Purchase Loan
Yegna MFI Offers to middle-income borrowers for buying fixed assets like vehicles, houses, electronics, and household equipment.
Consumer Loan
Consumer loans for employees are designed for personal purposes, such as covering medical expenses, paying education fees, purchasing household equipment, and other personal expenditures. These loans help meet various personal and social commitments beyond business-related needs.
Agriculture Loan
This loan will be availed to middle income farmer borrowers for purchasing agricultural inputs: like fertilizer, improved seed, land rent, purchase of oxen and for fattening activities.
Corporate Customer Loan
Yegna MFI provides a loan tailored for employees or customers of YMF’s strategic partner companies. It offers lower interest rates than standard consumer loans, with terms from 12 months to 120 months with monthly or quarterly repayments.
Project Financing
Project Financing Loan is a type of credit facility designed to fund specific business projects or income-generating activities (IGAs) for micro-entrepreneurs, small businesses, or community-based enterprises. Unlike general-purpose loans, project financing loans are tied to a particular investment, such as purchasing equipment, expanding a business, or starting a new venture.