Rotary Action Group for Microcredit (RAGM)
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Project Summary

Ethiopia - Dilla

[57] Letta Micro Finance Institution

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Project value: 0 USD
Funding sought: 0 USD
Project status: Proposed - seeking partners

Status Dates

Date project entered into database: 2009-03-10 15:21:27


Letta Micro Finance Institution had its beginnings in 2001 when International Assistance Program (IAP), a non-profit, 501 (c) 3 organization headquartered in Spokane, WA started funding loans for Gedeo women in southern Ethiopia.  In 2004 Letta received a license from the National Bank of Ethiopia making Letta one of about 25 licensed MFI's in Ethiopia.  As of 12/31/08, Letta had approximately 450 borrowing customers and about $130,00 in loans outstanding.  Letta is Ethiopian owned and operated.  Funding for Letta has come solely from IAP.  IAP's website is: www.iassist.org

Primary Host Partner in the Project Country

Club:

Primary International Partner outside the Project Country

Club: Spokane East
Project Coordinator:
Champions:

Other Information

Record added: 2009-03-10 15:21:27 by William (Bill) Roe, Spokane East

Record modified: 2009-03-10 15:38:49 by William (Bill) Roe, Spokane East