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Amigos earned more than 145 million birr
#Ethiopia Amigos Savings and Loan Cooperative Society announced that it has made a total profit of more than 145 million birr in the last fiscal year 2016 at the 11th annual general meeting of shareholders held today.
Amigos Savings and Loan Cooperative Board Chairman David W. Emanuel said at the General Assembly, "It started with three eye-catching founders and today it has about 10 thousand members, a total capital of about 3 billion birr and more than 120 strong employees and is operating by opening branches in various regional cities. "It will be available," he said.
Amigos chief executive officer Mr. Abraha said that Amigos has been able to use technology to create an efficient and convenient system. He said.
The association announced that it will spend 30 percent of the profit for the cooperative's reserve, and 70 percent of it will be distributed to the members according to the amount of shares they have until June 30, 2016. 53 points and 19 percent increase.
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