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Ethio Telecom announced that it is preparing to sell smart phones on credit by using national ID as a guarantee.
He said the company has been selling mobile phones to insured employees for the past one year and has so far sold more than 10,000 phones.
Ethio Telecom’s Head of Sales, Mohamed Haji, said that the individuals could not provide a secure deposit and the current ID was not reliable enough, making it difficult to provide the service and was operated only by companies. He said the national identity card, which is expected to be implemented in the coming years, will solve this problem.
He explained that in addition to holding a national identity card, the sale of the loan does not require further guarantees that the lender will be able to repay the loan.
