Eritrea: Micro-credit and Saving Program in Teseney Sub-zone
* Mr. Lenin Okbaselasie, a member of the program, said that sustainable training programs on financial and material management are being provided to customers
ASMARA, Eritrea - The micro-credit and saving program in Teseney sub-zone reported that last year 24.7 million Nakfa was disbursed to 1,350 customers in the sub-zone.
Mr. Tadese Mebrahtu, head of the program in the sub-zone, noted that the main objective and mission of the program is to enable citizens in remote areas to access loans and improve their livelihoods, and that many have become beneficiaries of the program.
Mr. Tadese indicated that there are about 11,498 beneficiaries of the program at individual and group levels in 51 administrative areas and about 200 villages in the sub-zones of Teseney, Golij, Haikota and Forto-Sawa, who are mostly engaged in small trade, agriculture, and livestock development.
Mr. Tadese also said that 68% of the loans have been repaid by customers and called on others to repay their loans on time, as well as on area administrators to strengthen their contribution to the effort.
Mr. Lenin Okbaselasie, a member of the program, said that sustainable training programs on financial and material management are being provided to customers and called on others to take advantage of the opportunities the program offers.
Distributed by APO Group on behalf of Ministry of Information, Eritrea.
Published in
M2 PressWIRE
on Tuesday, 17 February 2026
Copyright (C) 2026, M2 Communications Ltd.
Other Latest Headlines
·General Liability Insurance US Spotlights Quote-Matching Service and Insurance Education Tools for Small Businesses (17 Feb 2026 12:01am)
·In an Era of "Burn-and-Churn" Management, Author John A. Reaves Reveals Why Most Professionals Are Chasing the Wrong Promotion (17 Feb 2026 12:01am)
·Sky Scam Calls Surge 124% in January as Fraudsters Exploit "Discount" Offers (17 Feb 2026 12:01am)
·Real Estate Listing Agent in Castle Rock, Colorado Notes Diverse Housing Options Drawing New Residents (17 Feb 2026 12:01am)
