Over 200 companies join FACRA in Moxico

Léua – At least two hundred and eight micro companies in Moxico province are registered in the Active Fund of Risk Capital (FACRA), with a view to obtaining bank loans.

The companies, which operate in the formal and informal sectors, will receive credit of between 100,000 and 7 million kwanzas, via "Kixi Crédito," funded by the Angolan Development Bank (BDA).

Speaking at the usual "weekly briefing" of the Ministry for the Economy and Planning, the national director for Competitive Economy and Innovation, João Nkosi, said that the processes were in the data collection phase for subsequent approval.

"This programme will boost the economy sector, allowing job creation, mainly for youths. Those interested should be accompanied, in a first phase, by a copy of the Identity Card and two photographs," he said.

In his turn, the Secretary of State for Planning, Milton Reis, invited the young people of the province to apply for credit, with a view to implementing small projects.

 

The companies, which operate in the formal and informal sectors, will receive credit of between 100,000 and 7 million kwanzas, via "Kixi Crédito," funded by the Angolan Development Bank (BDA).

Speaking at the usual "weekly briefing" of the Ministry for the Economy and Planning, the national director for Competitive Economy and Innovation, João Nkosi, said that the processes were in the data collection phase for subsequent approval.

"This programme will boost the economy sector, allowing job creation, mainly for youths. Those interested should be accompanied, in a first phase, by a copy of the Identity Card and two photographs," he said.

In his turn, the Secretary of State for Planning, Milton Reis, invited the young people of the province to apply for credit, with a view to implementing small projects.