Day: April 4, 2022

Cooperative Bank of Oromia and Kifiya Financial Technology announce partnership for the launch of Ethiopia’s first uncollateralized digital lending product, Michu.

On January 12, 2022, Cooperative Bank of Oromia (Coop bank) and Kifiya Financial Technology (Kifiya) announced a new partnership and launched a digital lending product named Michu.  Coop bank’s Michu is Ethiopia’s first uncollateralized digital lending product, powered by Kifiya’s Qena, AI-driven digital lending platform developed in partnership with Mastercard Foundation.  The partnership allows Coop Cooperative Bank of Oromia and Kifiya Financial Technology announce partnership for the launch of Ethiopia’s first uncollateralized digital lending product, Michu.