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Telebirr Launches Credit, Saving, Overdraft Services

“Ethio Telecom has launched its long-anticipated micro-credit and saving scheme through its Telebirr mobile money platform. The state-owned telecom operator, in partnership with Dashen Bank, launched Telebirr Mela, Telebirr Sanduk, and Telebirr EndeKise, today at Skylight Hotel, August 5, 2022. Telebirr Mela is a microloan service that allows users to take out small loans without collateral based on their credit score. Telebirr Sanduk enables users to save money and earn an interest of 7 p.c on it.”