USAID Guarantees Loan for Azalech Coffee Roasting

Filed under: BUSINESS,HEADLINES |
Photo: U.S. Embassy Ethiopia

Addis Ababa, Ethiopia

April 14, 2019

Readout of Advisor to the President Ivanka Trump and USAID Administrator Mark Green’s Meeting with Ethiopian Women in Coffee (EWIC) Association Entrepreneurs and Announcement of USAID Loan Guarantee for Azalech Coffee Roasting

Today, Advisor to the President Ivanka Trump, USAID Administrator Mark Green and OPIC Acting President and CEO David Bohigian met with Sara Abera met with businesswomen in the coffee industry at Dumerso Coffee in Addis Ababa to discuss the opportunities and challenges women entrepreneurs face in Ethiopia. During the meeting, Ms. Trump expressed the United States’ support for improving the opportunities for women to start and grow their businesses in Ethiopia. At the conclusion of the meeting, Ms. Trump announced a new W-GDP award of a $260K loan provided by Enat Bank to help Azalech Tesfaye Owner of Azalech Coffee Roasting, Grinding and Packaging to expand her business. The loan was made possible through a joint U.S.- and Swedish- funded loan guarantee program designed to increase access to finance for women entrepreneurs in Ethiopia. The delegation participated in a traditional Ethiopian coffee ceremony. The coffee plant originates from Ethiopia and coffee production is one of the country’s largest industries. 

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