Impacts of DECSI
- Up to now Birr 4 Billion loan is disbursed out of which Birr 2.8 Billion is given particularly for agricultural production
- Currently DECSI is providing financial services in 133 offices through 115 sub-branches 7 branches and 15 collateral based branches.
- DECSI is providing fast and efficient financial services to different sectors of agriculture, service, handcrafts, trade and industry
- It has also built its own standard offices in major towns of Tigray so that it can facilitate any banking services
The performance of the institution in terms of outreach and by product type as of December 2008 is quantitatively shown below:
Outstanding portfolio as of December 2008
No |
Type |
Outstanding amount in million |
No of Clients |
1 |
Regular Loan |
160,715,862 |
60,619 |
2 |
Rural Household Package |
693,708,445 |
313,598 |
3 |
Urban Package Loan |
52,786,606 |
21,535 |
4 |
Agricultural Input Loan |
5,025,301 |
38,455 |
5 |
Business Loan |
354,707,268 |
4,578 |
6 |
Housing Loan |
118,427,777 |
4604 |
7 |
TVET Loan |
2,196,141 |
625 |
8 |
Cooperative Loan |
1,498,622 |
100 groups |
9 |
Micro leasing Loan |
27,172,771 |
297 |
10 |
Total |
1,459,217,367 |
464,622 |
11 |
Net saving |
397,684,513 |
281,000 |
Wealth and Capital Accumulation
- At least 464,622 persons are interacting possessing money
- The institution has 2000 employees which created wide employment opportunity in the region
- Out of the 464,622 clients who have taken loan, about 360,000 earn their living from agriculture
- To over 280,000 household saving clients, DECSI has played significant role in introducing saving tradition.
- According to impact assessment which was conducted twice by a group of people from Norway and Ethiopia:
- Credit service has played important role in the increase of agricultural production
- It has also played pivotal role in familiarizing the tradition of credit and saving with farmers
- DECSI clients become able to select new business and markets; and familiarize themselves with trading, factory products, food and drinks, carpentry and others
- Due to the services, DECSI’s clients not only have developed saving traditions but also have gained financial management and planning skills
- Hence, comparing clients and non-clients, the clients:-
- Have better living standard
- Their wealth has increased
- Their income has increased
- They brought a change in their feeding habit
- They are not vulnerable to disasters
- They have better access to health and education services
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