Adrash (credit for employees)
A credit service for employees of private and public institutions whose monthly salaries are paid through telebirr service and enables them to borrow up to 50,000 ETB.
telebirr Adrash
It is credit service for employees who receive their salary via telebirr
| Credit Type | Loan Amount | Facilitation fee | Repayment period | Allowed Adrash Credit amount |
|---|---|---|---|---|
| telebirr Adrash | 25% of Salary | 4% | 1 Month | 100 - 50,000 |
| 50% of salary | 8% | 2 Month | ||
| One Month Salary | 10% | 3 Month | ||
| One Month Salary | 14% | 4 Month |
Eligibility Criteria for Credit Service
- Payer organization will sign contract and agreed to pay salary via telebirr.
- Customer should receive his/her salary via telebirr
Steps to get Adrash via telebirr app
- Select Financial service with CBE
- Choose among Adrash credit options
- Enter amount and press View
- Confirm after reviewing the details
- Finish by inserting your PIN
Steps to use Adrash via USSD
1.Dial *127#
2.Select 1 for Financial Service
3.Select 1 for Credit Service
4.Select 2 for Enderas
5.Select 1 to take credit
6.Select 4 for Adrash
7.Choose among Adrash credit options
8.Enter the amount
9.Press 1 to confirm
10.Finish by entering your pin
Note
•Customer can take three times until credit limit.
•After 90 days the loan will be considered as non-performing loan and the system shall take the credit amount from customers main account automatically.