What is Ansar Digital Finance?
Ansar represents Ethiopia’s pioneering Sharia-compliant digital financing solution, utilizing state-of-the-art AI technology. This innovative platform offers both individuals and businesses access to financial services through an innovative digital credit evaluation system, delivering a secure, swift, and fully digitized financing application experience with convenient repayment options.
The Need for Ansar
Ethiopia’s financial landscape faces challenges in effectively evaluating MSME creditworthiness without traditional guarantees. Many micro, small, and medium enterprises struggle to access bank financing due to insufficient collateral assets, technological limitations, and digital connectivity barriers. Ansar bridges this gap by enabling financial institutions to serve MSMEs without requiring collateral, transforming weeks of waiting into minutes of processing.
Features of Ansar Digital financing
Streamlined Application System
The platform enhances business operations by digitalizing financing procedures and eliminating location-based restrictions. Through standardized protocols and precise data analysis, financing decisions are expedited and consistent.
Rapid Processing Time
In contrast to traditional financing methods that might extend over weeks or months, Ansar's system delivers results within minutes, with near-immediate fund disbursement to approved accounts. This swift service is particularly valuable for urgent financial requirements.
Accessible Micro-Financing Options
Ansar's financing structure differs from conventional products by focusing on smaller amounts and shorter terms, making it more accessible to various business sizes.
Digital Customer Management
The platform operates primarily through digital channels, minimizing the need for in-person visits. Customer relationships are maintained electronically, with digital monitoring and collection processes.
No Collateral Required
Unlike traditional financing, Ansar evaluates creditworthiness solely through its Artificial intelligence and machine learning based scoring system, eliminating the need for physical collateral and manual intervention, hence minimizing potential bias.
Eligibility Criteria and Products
- Active ZamZam Bank Account
- Valid ID (kebele ID, passport, or national ID)
- Current Trade License with TIN
- Corporate Documentation (for PLCs, Partnerships & Cooperatives)
- Active Trading Business
- Android Device Access
Ansar Application Process
Click here to Get the Application
From Play store and download
Document Upload
Upload each of the necessary documents
Approval Message
Once a finance request has been approved by the concerned authority, it will be notified to the customer
Register
Register your company and personal information after downloading the App
Request Approval
The concerned body will check and approve your first time financing request then your financing request will be approved automatically
Repayment
The finance can be repaid easily from Ansar application based on the terms and condition
