Michu 2.8.23

Michu is a pioneering digital financing platform offered by the Cooperative Bank of Oromia in Ethiopia, catering to MSMEs and the general population. This AI-powered smartphone application facilitates online loan applications, provides digital offer analysis through a comprehensive credit assessment algorithm, and streamlines online debt collection processes. Customers can access non-collateralized loans through Michu by engaging in trading activities. The platform encompasses two distinct products: Wabii and Guyyaa, designed for formal business traders such as micro retailers, coffee houses, and fast food vendors; and informal business traders including street vendors, roadside sellers, and small coffee shops.