Kena activity summary
Kena is a capacity-building service product of the Ethiopian Youth Entrepreneurs Association, with an objective to provide training, mentorship, access to finance, and market exposure to youth-founded or run businesses. It also aims to encourage youth entrepreneurship through hosting innovation competitions. The association is partnering with a diverse set of stakeholders like private and government-owned financial institutions, policymakers as well development partners, to provide such enabling services in four primary categories. The service provides: -
Training and mentorship: Through the support of development partners and policy makers the association targets to provide technical and soft skill training for young entrepreneurs who are members of the association, The training includes subjects of finance management, business development, and scaling. Furthermore includes soft skill training like time and resource management for business owners. These services will be provided through service providers both in online and offline delivery formats and will be digitally tracked to measure/evaluate the success of the trainees. Kena platform will avail such digital capital to members of the association.
Access to finance: Kena will be one of the means by which youth entrepreneurs will gain possibilities to access grant and credit forms of financing as per the service mandate of the association. Financing will be offered in three models: -,
- Grant processing and mediation based on criteria set by the donors working with the association and standard information qualifications set by the association,
- Investment matching through standardized members' business profiling and investor targeting
- Digital credit facilitation and due diligence processing of members' businesses in partnership with private and public finance and financing institutions
Market exposure: Through stakeholder engagement and ecosystem actors Kena will host various types of business expos, networking events, and conferences, in addition, This category of engagement will also enable member exposure to attend and be part of international business expos and conferences to further their market reach as well as professional exposure.
Innovation competitions: Through Kena digital platforms members will be able to register or register their business to compete in innovation competitions hosted by the association and its partners. These endeavors aim to increase the quality of business and foster a conducive environment for emerging youth-founded businesses. These competitions will be held in partnership with government, and non-government stakeholders through a full digitized process, to register complaints, judge, and rank them accordingly for full transparency.
3. Vision
“To become a World-class Commercial Bank
financially driving Ethiopian’s future.”
3
7/28/2023
Corporate Strategy foundation of CBE
4. Mission
“We are committed to realize stakeholders’ values
through enhanced financial intermediation globally,
deploying highly motivated and skilled employees”
4
7/28/2023 Digital Banking Training
Corporate Strategy foundation of CBE cont..
6. Summary of Mobile Financial Service Portfolio
Disbursement
No of Customers: 37,246
Amount: 245,568,320.79
Repayment
No of Customers: 28,962
Amount: 34,855,485
Revenue
No of Customers: 15096
Amount: 4,468,855.66
Enderas:4,441,727.36 (99.4%)
7% from 10days Enderas
29% from 25 days Enderas
64% from 60 days Enderas
Adrash:27,128.30 (0.6%)
Deposit
No of Customers: 12,888
Total Amount: 24,729,261
Interest Bearing: 24,473,944
Non-Interest Bearing:255,317
Withdrawal
No of Customers :2,947
Total Amount :13,403,179
Interest Bearing: 13,182,571
Non-Interest Bearing:220,608
Outstanding Saving
Total Amount: 11,326,082
Interest Bearing: 11,291,637
Non-Interest Bearing: 33,911
Total Amount of Interest Paid: 11234
Micro Credit Summary Micro Saving Summary
From June 27,2023 to July 16, 2023
7. No.of Customers
Sinq Ordinary Interest Bearing Saving
Ordinary Non-interest Bearing Saving
Sinq Locked Savings
68.25%
30.40 %
1.35%
Total Amount of
Outstanding Saving
Sinq Ordinary Interest Bearing Saving
Ordinary Non-interest Bearing Saving
Sinq Locked Savings
65.32%
34.38%
Total Disbursed Micro Credit
Amount
Enderas Adrash
93.5%
6.5%
No of Customers
Enderas Adrash
97.3%
2.7%
Summary of Mobile Financial Service Portfolio
Enderas Revenue
10 Days(7%)
25 Days(29%)
60 Days(64%)
13. Sinq(ስንቅ) Transaction
Product Type
Transaction Type
No. of
Customers
Total Amount of
Deposit
Total Amount
of Withdrawal
Total Amount
of Outstanding
Saving
Total Amount
of Interest Paid
Sinq Ordinary Interest Bearing Saving 8,796 9,023,164.00 5,126,581.00 3,893,921.00 8,307.00
Ordinary Non-interest Bearing Saving 3,918 255,317.00 220,608.00 33,911.00 0.00
Sinq Locked Saving for 3 Months 134 10,358,863.00 5,024,802.00 5,335,901.00 1,840.00
Sinq Locked Saving for 6 Months 10 1,168,044.00 572,178.00 596,000.00 134.00
Sinq Locked Saving for 9 Months 3 166,000.00 66,000.00 100,000.00 0.00
Sinq Locked Saving for 12 Months 27.00 3,757,873.00 2,393,010.00 1,365,815.00 953.00
Total 12,888.00 24,729,261.00 13,403,179.00 11,325,548.00 11,234.00
14. Enderas(እንደራስ)
Product Type Transaction Type
No.of
Customers
Outstanding Amount
10-Days
Enderas
Total Disbursed Amount 9,965.00 10,923,333.79
Facilitation Fees Paid 7,549.00 296,638.51
Principals Repaid 7,525.00 7,281,927.73
Penalty Fees Paid 295.00 4,489.37
Total Repayment 15,369.00 7,583,055.61
Facilitation Fees Unpaid 2,431.00 140,294.84
Principals Unpaid 2,575.00 3,641,406.06
Total Unpaid Amount 5,006.00 3,781,700.90
Total Revenue 7,844.00 301,127.88
Total Overdue Contracts (Principal) 425 423240.00
15. Enderas(እንደራስ) Cont..
Product Type Transaction Type
No.of
Customers
Outstanding Amount
25-Days
Enderas
Total Disbursed Amount 10,079.00 56,457,501.00
Facilitation Fees Paid 3,802.00 1,292,752.60
Principals Repaid 3,658.00 12,903,734.23
Penalty Fees Paid 0.00 0.00
Total Repayment 7,460.00 14,196,486.83
Facilitation Fees Unpaid 6,390.00 3,788,422.49
Principals Unpaid 6,682.00 43,553,766.77
Total Unpaid Amount 13,072.00 47,342,189.26
Total Revenue 3,802.00 1,292,752.60
16. Enderas(እንደራስ) Cont..
Product Type Transaction Type
No.of
Customers
Outstanding Amount
60-Days
Enderas
Total Disbursed Amount 16,178.00 162,120,372.00
Facilitation Fees Paid 3,339.00 2,847,834.07
Principals Repaid 2,579.00 9,885,398.72
Penalty Fees Paid 1.00 12.81
Total Repayment 5,919.00 12,733,245.60
Facilitation Fees Unpaid 13,578.00 31,197,444.05
Principals Unpaid 13,810.00 152,234,973.28
Total Unpaid Amount 27,388.00 183,432,417.33
Total Revenue 3,340.00 2,847,846.88
17. Enderas(እንደራስ) Cont..
Product Type Transaction Type
No.of
Customers
Outstanding Amount
Total Enderas
Total Dsibursed Micro Credit Amount 36,222.00 229,501,206.79
Total Facilitation Fee Paid 14,690.00 4,437,225.18
Total Facilitation Fees Unpaid 22,399.00 35,126,161.38
Total Penalty Fees Paid 296.00 4,502.18
Total Principal Paid 13,762.00 30,071,060.68
Total Principal Unpaid 23,067.00 199,430,146.11
Total Repayment 28,748.00 34,512,788.04
Total Revenue 14,986.00 4,441,727.36
Total Unpaid Amount 45,466.00 234,556,307.49
Total Overdue Contracts (Principal) 425.00 423,240.00
18. Product Type Transaction Type
No.of
Customers
Outstanding
Amount
Adrash 25% of monthly
salary with 1 month
installment
Total Disbursed Amount 141.00 559,329.00
Facilitation Fees Paid 30.00 2,865.92
Principals Repaid 30.00 71,648.00
Penalty Fees Paid 3.00 4.53
Total Repayment 63.00 74,518.45
Facilitation Fees Unpaid 111.00 19,507.24
Principals Unpaid 111.00 487,681.00
Total Unpaid Amount 222.00 507,188.24
Total Revenue 33.00 2,870.45
Adrash(አድራሽ)
19. Adrash(አድራሽ) Cont..
Product Type Transaction Type
No.of
Customers
Outstanding
Amount
Adrash 50% of monthly salary
with 2 months installment
Total Disbursed Amount 64.00 527,101.00
Facilitation Fees Paid 10.00 1,748.04
Principals Repaid 10.00 26,951.00
Penalty Fees Paid 0.00 0.00
Total Repayment 20.00 28,699.04
Facilitation Fees Unpaid 64.00 40,420.04
Principals Unpaid 61.00 500,150.00
Total Unpaid Amount 125.00 540,570.04
Total Revenue 10.00 1,748.04
20. Adrash(አድራሽ) Cont..
Product Type Transaction Type
No.of
Customers
Outstanding Amount
Adrash one month salary
with 3 months installment
Total Disbursed Amount 292.00 5,211,687.00
Facilitation Fees Paid 31.00 9,988.81
Principals Repaid 30.00 107,529.66
Penalty Fees Paid 0.00 0.00
Total Repayment 61.00 117,518.47
Facilitation Fees Unpaid 292.00 511,179.89
Principals Unpaid 284.00 5,104,157.34
Total Unpaid Amount 576.00 5,615,337.23
Total Revenue 31.00 9,988.81
21. Product Type Transaction Type
No.of
Customer
s
Outstanding Amount
Adrash one month salary with
4 months installment
Total Disbursed Amount 527.00 9,768,997.00
Facilitation Fees Paid 36.00 12,521.00
Principals Repaid 34.00 109,440.00
Penalty Fees Paid 0.00 0.00
Total Repayment 70.00 121,961.00
Facilitation Fees Unpaid 527.00 1,355,138.58
Principals Unpaid 521.00 9,659,557.00
Total Unpaid Amount 1,048.00 11,014,695.58
Total Revenue 36.00 12,521.00
Adrash(አድራሽ) Cont..
22. Adrash(አድራሽ) Cont..
Product
Type
Transaction Type
No.of
Customers
Outstanding
Amount
Total
Adrash
Total Disbursed Micro Credit Amount 1,024.00 16,067,114.00
Total Facilitation Fee Paid 107.00 27,123.77
Total Facilitation Fees Unpaid 994.00 1,926,245.75
Total Penalty Fees Paid 3.00 4.53
Total Principal Paid 104.00 315,568.66
Total Principal Unpaid 977.00 15,751,545.34
Total Repayment 214.00 342,696.96
Total Revenue 110.00 27,128.30
Total Unpaid Amount 1,971.00 17,677,791.09
23. Loan and Savings transactions are increasing.
Sinq Ordinary Interest Bearing Saving is the product type with the highest share of deposits
and number of customers, and Ordinary Non-Interest Bearing took the second highest
share.
93.5% of the disbursed loan is from the Enderas type of product, and 97.3% of the
borrowers are through Enderas.
93% of the revenue is generated from Enderas, of which 64% are from 60-day Enderas,
29% are from 25-day Enderas, and 7% are from 10-day Enderas.
Summary
Core Values
Integrity
We are committed to the highest ideals of honor and integrity.
We are committed to act in an honest and trustworthy manner.
We are committed to firmly adhere to ethical principles and standards.
Service Excellence
We are committed to maintain the highest operating standards.
We are committed to offer the highest quality service to our customers.
We are committed to be preferred brand in service quality in the minds of customers and the general public.
We strive to build long lasting relationships with our customers.
We are committed to promote efficient and effective services and ensure maximum value for money.
Professionalism
We take ownership and personal responsibility for all what we do.
We are professional in conduct and treat customers with utmost respect.
We are responsive to the needs and interests of our customers.
We maintain confidentiality and privacy of all customers.
We continually develop ourselves to maintain leading-edge capabilities.
We apply our knowledge and competence to our competitive advantage.
Empowerment
We distinguish employees as valuable organizational resources.
We promote delegation of duties and responsibilities.
We maintain an atmosphere that inspires confidence and take ownership.
We take responsibility and support to each other and serve customers in a courteous and respectful manner.
We recognize our employees for their best achievements.
Learning Organization
We anticipate and respond to internal and external changes through constant improvement and adjustment.
We establish a culture that nurtures individual and group learning.
We retain and disseminate tacit knowledge across the bank.
Teamwork
We respect one another and co-operate in our work.
We recognize the importance of teamwork for our success.
We collaborate and support one another to ensure process integration and minimize external business challenges.
Respect for Diversity
We are sensitive to cultural, ethical, religious or other values of employee and customers.
We value diversity of ideas and viewpoints of our employees.
We foster an environment of inclusiveness, where all people, regardless of their sex, age, belief, etc., can exercise their maximum potential.
We are committed to address the needs of our customers, regardless of their sex, age, education etc.
We are committed to listen to one another and respond appropriately.
Corporate Citizenship
We value the importance of our role in national development endeavor and stand up for this commitment.
We abide by the laws of Ethiopia and other countries in which we do business.
We care about society’s welfare and the environment.
We believe that the sustainability of our business depends on our ability to maintain and build public confidence.
