Archives: FAQs


What document should I fulfill to borrow Diaspora Finance?

A Diaspora saving account Copy of valid passport Letter of undertaking to repay the loan in foreign currency Ethiopian Original ID card (Yellow Card copy) A letter that confirms monthly salary The authenticated sales contract agreement, Should have defined and sustainable source of income. Other documents as necessary.


Who becomes a Personal Guarantor?

Any one by considering guarantor’s financial standing and integrity. Other than cross-guarantee, chain guarantee, and personal guarantee among the family members.


What properties can be considered as collateral?

Buildings, Motor vehicles, Machinery and equipment, Cash Deposits, Merchandise, Foreign Bank Guarantee; Business Mortgage, Land Lease Right and/or Coffee Plantation Other forms of collateral such as; Export Credit Guarantees, Personal      Guarantee, Corporate Guarantee, Valid Import/Export Document, Letter of Comfort

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