Ethio Telecom & Awash Bank Launch a New Digital Microfinance & Device-Financing Service
- Launch of 'Tila', a digital microfinance and device financing service by Ethio Telecom and Awash Bank.
- Introduction of non-collateral microcredit, micro-savings, and salary-based loans through telebirr.
- AI-assisted credit scoring model to determine credit limits for individual customers.
The launch of Tila represents a significant step towards financial inclusion in Ethiopia, particularly for underserved communities. However, the success of this initiative will depend on effective outreach and education to ensure that potential users are aware of and can access these services. Continued innovation and partnerships will be crucial in maintaining momentum and achieving long-term impact.
