Stakeholders Come Together to Participate in Second Knowledge Series on Data-Driven Digital Lending for Ethiopia's MSMEs mastercardfdn: Ethiopia
Addis Ababa, Ethiopia — Today, the National Bank of Ethiopia, together with the International Financial Corporation , Financial Sector Deepening-Ethiopia , Kifiya Financial Technology, and the Mastercard Foundation participated in a second knowledge series entitled “Bridge the knowledge gap in uncollateralized digital lending and credit scoring.
An IFC study, with insights from several other market studies, suggested that the working capital finance gap for MSMEs in Ethiopia was estimated to be $4.9 billion in 2019, with SMEs accounting for 91 percent of the figure.
In his welcoming speech at the second knowledge series, Samuel Yalew Adela, Country Director for Ethiopia at the Mastercard Foundation said, “The Mastercard Foundation is committed to unlocking affordable access to financial services for enterprises with a view of enabling job creation at scale.
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