Open Loans Ethiopia

A social network that allows borrowers to access loans from millions of lenders in Ethiopia. It also allows lenders to have direct access to millions of borrowers. From mobile money lenders to traditional salary advance companies to instant mobile loans in Ethiopia, Open Loans Ethiopia connects borrowers and lenders from Addis Ababa to Bahir Dar to Dire Dawa to Awasa to Gondar, etc. The idea is to create a very efficient loans marketplace in Ethiopia.

Open Loans Ethiopia also provides people in Ethiopia with investment opportunities. A private person in Ethiopia with excess cash can use the app as a way to invest. He can lend the money to another person in Ethiopia he finds on Open Loans Ethiopia and earn an interest. He can secure himself by taking possession of security such as a car or a title deed.

Borrowers in Ethiopia can borrow from private persons as well as banks and other financial institutions in Ethiopia that they find (or find them on Open Loans Ethiopia).