- To salaried individuals (employees).
- The employer shall have a savings or current account and salary balance shall be deposited two days before effecting payment to employees.
- Employees can open this account with no initial balance.
- In order to benefit, the employer shall have at least 3 employees and above.
- ATM card free of subscription (card) fee.
- Cash-in-transit service once in a month to the employer, as the case may be.
- A term loan facility up to 250% of the total amount saved when the following conditions are fulfilled:-
- He/she save at least for one year, and
- The total amount saved reaches at least Birr 20,00
- The requested loan amount shall be calculated based on one third of the employee’s basic salary and the maximum repayment period shall be 10 years.
