Africazine:
The micro-credit and saving program in Eritrea’s Central Region has shown significant growth in 2025.
At a recent assessment meeting, it was reported that the amount distributed to customers rose from 62.6 million Nakfa to 76.5 million Nakfa. Additionally, the loan repayment rate increased from 52.6% to 65.5%, reflecting a 21% rise in repayments and a 13.9% increase in the number of customers.
Significant Growth in Loan Distribution
The micro-credit and saving program has made impressive strides in the Central Region. The total amount distributed to customers reached 76.5 million Nakfa in 2025, up from 62.6 million Nakfa the previous year. This increase highlights the program’s effectiveness in reaching more individuals.
Moreover, the program has seen a notable increase in customer engagement, with the number of participants rising by 13.9%. This growth indicates a growing trust in the program and its benefits.
Eritrea: Key figures on Loan Repayment
- Loan repayment rate increased from 52.6% to 65.5%
- Amount distributed to customers: 76.5 million Nakfa
- Amount previously distributed: 62.6 million Nakfa
- Increase in number of customers: 13.9%
- Percentage of beneficiaries who are women: 55.6%
Community Engagement and Support
Mr. Tafla Asmerom, the acting manager of the program, praised the Central Region administration for its support in encouraging timely loan repayments. The administration’s role has been crucial in fostering a culture of responsibility among borrowers.
Participants at the meeting emphasized the importance of collective efforts in loan repayment and encouraged individuals to utilize the program’s benefits in groups. This collaborative approach is expected to enhance the program’s impact on the community.
Next Steps for the Program
- Continue to encourage timely loan repayments
- Promote group participation in the micro-credit program
- Enhance outreach to potential new customers
The micro-credit and saving program is empowering Eritreans to improve their economic situations.
