Oromia Bank has entered Ethiopia’s rapidly evolving digital lending space with the launch of Miliki, a new mobile application that offers collateral-free loans through an AI-driven credit assessment system. Developed in partnership with local fintech firm Quantum Technology, the app is part of the bank’s broader strategy to expand financial access and align with national digital transformation goals under Digital Ethiopia 2025.
With Miliki, Oromia Bank joins a growing list of financial institutions and tech companies racing to offer mobile-based microcredit solutions aimed at underserved populations. The platform enables eligible users to apply for loans up to ETB 300,000 without requiring traditional asset-based guarantees.
According to Oromia Bank CEO Teferi Mekonnen, the product is designed to address long-standing barriers to credit, particularly for groups often excluded from the formal financial sector, such as women, youth, and informal workers.
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