Qena Digital Lending

Qena Digital Lending is an AI-powered digital lending Platform that enables banks to provide un-collateralized credit to individualst and MSMEs digitally by leveraging the credit scoring system. Since its start, Qena has worked to develop its AI-powered Credit Scoring System and Digital Financing Platform to offer commercial banks a digitized underwriting process for quicker and more accurate credit & finance decisions, without requiring collateral. We collaborate, train, assist and co-create innovative solutions for financial institutions to provide access to finance for unserved and under-served segments. Qena has gained widespread recognition for its innovative digital lending product, Michu, which is provided in partnership with the Cooperative Bank of Oromia. In just 8 months, Michu has already disbursed over 1 billion Birr in loans, making it a popular choice among borrowers in Ethiopia.