Despite having a large population and thus a large market potential, Ethiopia’s start-up ecosystem is very young and relatively small compared to other African countries.
Commercial banks in Ethiopia provide most or all of the loan products listed.
The common types of collateral that can be used to secure a loan with commercial banks in Ethiopia are listed below. The appropriate collateral will vary depending on the amount, type and terms of the specific loan product.
Most of the documents that are required to obtain a loan are listed below. The combination of documents required will vary based on the amount, type, and terms of the specific loan product.
Currently, Ethiopia’s value chain for start-ups and SMEs growth is fragmented and lacks fundamental elements for the successful development of innovative businesses with a high employment and growth potential.