Awash Meri Cash-Flow Based Micro Lending
Empowering MSMEs Through Cash-Flow Driven Financing
Awash Meri Cash-Flow Based Micro Lending is an innovative financing solution designed to support Micro, Small, and Medium Enterprises (MSMEs) through cash flow-based credit evaluation. The product emphasizes the assessment of business cash flow rather than physical collateral, allowing credit decisions to be made based on verified income statements and overall financial health.
Product Highlights
- Cash Flow–Based Credit Evaluation
Creditworthiness is determined by the business’s financial activity and cash flow patterns instead of asset ownership. - Flexible Repayment Terms
Repayment schedules are structured to align with the business’s cash flow cycles, ensuring manageable and sustainable repayment conditions. - Digital Loan Application
Applications can be completed through the Meri Cash-Flow Fintech Platform, accessible via Android and iOS devices. The process enables submission of all required data and supporting documents electronically. - Automated Credit Scoring
Credit scoring is system-generated based on cash flow records and additional financial data.
Key Features
Feature | Details |
Maximum Loan Amount | ETB 500,000 |
Maximum Loan Period | 3 Years |
Interest Rate | 20% per annum |
Repayment Frequency | Weekly, Bi-weekly, or Monthly |
Loan Type | Short- to Medium-Term |
Application Channel | Android |
Eligibility Requirements
Credit Scoring Criteria
Applicants must fulfill the following conditions to qualify for the Awash Meri Cash-Flow Based Micro Lending service:
- Possession of an active Awash Bank account with a minimum of three months’ transaction history.
- Daily transaction recording in the Meri Cash-Flow Platform for at least three consecutive months.
- Submission of updated cash flow statements, income statements, and balance sheets.
- Provision of a personal guarantee.
- Uploading of the following supporting documents through the platform:
- Renewed business license
- Business registration certificate
- Tax Identification Number (TIN)
- Fayda National ID
- Guarantor’s bank statement (minimum of the last three months)
- Additional documents such as insurance, financial statements, or tax clearance as required
Credit scoring is conducted automatically by the platform based on multiple parameters:
- Entrepreneur’s Profile: 10–20%
- Enterprise’s Profile: 10–20%
- Guarantor’s Profile: 10–20%
- Assets Registered: 10–20%
- Cash Flow: 40–50%
Fees and Charges
Applicable fees and charges are determined in accordance with Awash Bank’s prevailing Terms and Tariffs.
Customer Support and Complaint Handling
Customer support and complaint handling services are available at all times.
Inquiries or complaints can be directed to Awash Bank’s 24/7 Customer Care Center via telephone number 8980 or through in-person visits, written submissions, or other available communication channels.
