Congratulations
Wegagen Bank has inaugurated its tallest Headquarters
building, the
most distinctive figure in Addis skyline with
its elegant architectural
design built in the melting
pot of the city opposite to Addis Ababa
Stadium.
Reinventing the iconic
Welcome
The New Light in the Sky
Goh Business Women Account
This account is intended for women engaged in businesses in which they will be
entitled to credit facilities for their businesses depending on their saving amount.
Features and Benefits
– The customer shall maintain both saving and current account simultaneously; the latter being used for check payment.
– Higher interest rate will be calculated on the saving account.
– For working capital, the account holder should initially deposit 20% and additional 20% over a period of 6 months or more.
– To acquire vehicles and machineries or equipment, the account holder should initially deposit 20% and additional 20% should be saved over a period of one year or more and then, the Bank shall provide loan for the remaining 60% of the value.
-To acquire business premises, the account holder should initially deposit 10% and additional 20% should be saved over a period of one year or more and then, the Bank shall provide loan for the remaining 70% of the value.
To acquire business premisesthe account holder should initially deposit
should be saved over a period of one year or more and then, the Bank shall provide loan for the remaining 70% of the value. The interest rate for the loan is as per the Bank’s credit terms and tariffs. The financed assets shall be held as collateral. For those women who are not able to meet the minimum saving amount and lack collateral backing, the Bank will provide finance for working capital against NGOs guarantee at least equivalent to 80% of the loan.