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Awash International Bank

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Year of Establishment   1995

Current Operational Area (s)

Total Number clients served so far

Above 163,000

Total Number of Branches Opened so far:  29

Loan types:

Loan Term:

Minimum = 12 months   I   Maximum = 24 months

Grace Period

Up to six months

Lending Rate

10.5% with 0.5% service charge

Collateral Requirement

Loan Eligibility Criteria

§                                  Renewed business license;

§                                  Presentation of Simplified Business Plan;

§                                  Presentation of financial statements: balance sheet, income and cash flow statements (externally audited, if possible);

§                                  Completed loan application form.

The Loan Application Form, among others, should include:

§                                  Amount of loan requested;

§                                  Loan-term;

§                                  Purpose of the loan;

§                                  Source of funds to recover the loan;

§                                  Type of collateral needed; etc.

Add ional studies by the Bank:

§         about personal character, past credit history, situation of business relationship with others, etc.

Who is Eligible for the Services of the Bank?

§         Individuals

§         Share Companies;

§         Private Companies;

§         Partnership organizations;

§         Government and other development agencies;

§         Legally registered associations,... etc.

Financing Micro and Small Enterprise Sector Operators

Any enterprise fulfilling the loan eligibility criteria can be financed.

Plan to avail loan fund to Micro Finance Institutions (MFIs)

The Bank has already financed one of the Micro Finance Institutions in the country.

Financing New Business Start-ups such as college graduates and school dropouts:  No

 (c) Savings Products

(d) Other Services

§         Money Gram

Service Out-let

The services of the Bank are accessible through its branch offices.

Address

P.O.Box:  12638 Addis Ababa, Ethiopia

Telephone  : +251-1-614482-85

Fax :  +251-1-614477

E-mail : awash.bank@telecom.net.et

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