Kedemay Weyane, Mekelle, Tigrai
Monday - Saturday : 02.30 - 11.30 ET
+251 (0) 342 405 095 / 76 96
+251 (0) 342 405 069 / 51 13

Services


Saving Services

Voluntary Saving

This is a type of saving product where loan borrowing and non-loan borrowing clients can save money in Adeday Microfinance Institutions S.C. Saving accounts are opened within the institution based on depositors’ free will by individuals, groups, associations, clients and other potential savers.

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Fixed Time Deposit

Fixed Time Deposit, sometimes named as Fixed Deposit, is a type of saving where individuals, associations and governmental and non-governmental organizations save money for a definite period of time (days, months, years) in order to get better interest rate, as agreed by both parties or as per MFI’s policy. At this time, Adeday Microfinance S.C allows from 10-12% interest rate.

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Box Saving

At 7% Interest Rate And Deposit Counted at the end of the month.

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Compulsory Saving

The compulsory saving is a deposit type in which an individual or groups of individuals keep or maintain as a pre-requisite to obtain a loan or to use it as a guaranty or security. It is also named as mandatory saving or saving of security.

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Loan Services

Agriculture Loan

This loan will be aimed to farmer borrowers including in urban agriculture, who agree to secure either individual or joint guarantee to the loan for purchasing of agricultural inputs.

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Small and Medium Enterprises (SME) Loan

Our main loan product is designed for businesses engaged in small and medium enterprises.

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Housing / Construction Loan

This type of loan is granted to any eligible individual and cooperative borrower for building “70 Kare housing typologies” and any other modalities accepted by city and town administrators.

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Loan for Finishing

In construction, partial settlement of the purchase price of condominium, small shop construction, building additional classes, Masonry, painting, ceiling, and corrugated sheet of iron, Electrical and Sanitation, and for other related purposes.

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College or University Fees Loan (Finance for Women only)

Adeday MFI has an objective to meet its social objectives by empowering women entrepreneurs and made special privilege by providing less interest rate and relatively long-term loan.

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Personal consumption loan

The purpose of this loan is to finance salaried or income earner individuals to fulfill their personal needs such as asset acquisition and school fees…etc.

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Adeday MFI’s Staff Loan

This line of credit is mainly intended for financing Adeday MFI’s staffs. It is lesser than the conventional Consumer loan. The staffs access the loan with lesser interest rate.

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Other Services


Insurance

Crafting financial security, our Insurance Services for institutions provide comprehensive coverage tailored to the unique needs of financial entities.

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Transfer

Empower financial inclusion with our Microfinance Transfer Service, facilitating seamless and secure fund transfers.

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Business Consultancy

Elevate your business with our Consultancy Services – expert guidance tailored to optimize operations and fuel strategic growth.

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cheque and CPO

Efficiently manage financial transactions with our Cheque and CPO (Cash Payment Order) Services.

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