May 15, 2026
Commodity-Backed loan to benefit those in the Agriculture sector
Borkena
Toronto – Commercial Bank of Ethiopia is rolling out commodity-backed financing options for its clients.
It announced that it is accepting crops as collateral to issue a loan.
It has specified the conditions. The crop needs to be stored in a warehouse. Owners need to provide a receipt from the warehouse service provider specifying the type, amount, and price (apparently based on market value at the time of application for loan).
The Bank announced that applications for loans can be submitted to the nearest Commercial Bank of Ethiopia Branch.
The bank is branding this loan service as one that is made available to those engaged in agricultural activity or sector.
The Bank has also made loan arrangements for those engaged in horticulture, floriculture, animal husbandry, and dairy farming.
Purchasing machinery for agricultural activity is also qualified for the loan, according to an update from the bank which it shared on its social media page.
However, the bank has not specified the ceiling on the amount of loan clients can get on a commodity-backed loan arrangement.
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