Telebirr Launches Credit, Saving, Overdraft Services

Ethio Telecom has launched its long-anticipated micro-credit (loan) 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.

Meanwhile, Telebirr EndeKise allows users to overdraw on their telebirr account when they have insufficient funds to complete a transaction.

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