Stakeholders are requested to work diligently to recover money loaned to enterprises in Harari region.

Stakeholders are requested to work diligently to recover money loaned to enterprises in Harari region. In Harari region, the head of state Ordin Bedri has urged the stakeholders to work hard to properly recover the money given to enterprises in the past years. A task force to repay the loans given to enterprises in the region has been established and started working today, and the next direction has been set. According to the report submitted by the Harar Credit and Savings Institute, in the past years, up to 300 million Birr was given as a loan to enterprises through regular and indirect funds in the region, but the amount returned from this was very low. It was stated during the discussion that the main reason for the non-repayment of the loaned money to the enterprises was the lack of commitment of the management and the lack of coordination. The head of the state, Mr. Ordin Bedri, who was present at the meeting, said that since the state’s credit and savings institution alone is not enough to recover the loans given to enterprises, it is necessary to establish a task force and start working. “The management should fulfill its responsibilities properly so that the loaned money can be collected and used for lending services to other enterprises,” he pointed out. ESA reported that the established task force should carry out its responsibility in a non-partisan manner and make the loan recovery work effective. Ato Ordin also confirmed that the state government will provide the necessary support for the work being done so that the money distributed through loans can be returned and used for other loan seekers. It is known that the task force established to recover the loan includes the attorney general of the region, the administration of peace and security affairs, enterprise industry offices and the credit and savings institution of the region.

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