Essential credit comes to millions of women as microfinance and mobile money gain traction in Ethiopia
WHEN 38-year-old Konjit Alebachew lost her husband, she urgently had to find an income. Farming looked like an option. But the widow, who lives 120 kilometres from Addis Ababa, would have to raise capital. “I started working in one of the private farms in my home town and saved a small amount from my monthly salary,” Alebachew said, describing the period five years ago, right after she lost her husband - and her three daughters lost their father. With no bank account and no financial history, she battled to manage her finances in a way that would offer her a…
