BPC to finance small and medium-sized enterprises

Luanda – At least eighty percent of the global investment value of small and medium-sized enterprises (SMEs) operating in the industry, agriculture, livestock, energy and water and fisheries sectors will be funded by the Savings and Credit Bank (BPC).

For the Agriculture sector are allocated the equivalent in Kwanza to 3.3 dollars, the industry will benefit from USD 4.4 million, energy and water USD 3.7 million and fisheries USD 2.7 million.

This information was released on Friday by BPC small and medium-sized credit board analyst Jose Muacaxabala during the launch of the “BPC-BAD Product” project, financed by the African Development Bank.

The initiative, which does not determine the number of companies to be supported, will also be aimed at women entrepreneurs linked to SMEs, with medium and long-term investments, to support the process of diversification of the national economy and increase the profitability of the business.

To apply for this financing, the applicant companies must carry out one of the eligible and duly legalized activities, economic feasibility study of the project, letter of request for credit, regularized insurance, among other requirements.

The chairperson of the Angola / South Africa Chamber of Commerce, Victoriano Nicolau, said that it is a good initiative to support the business class, but it must be done with transparency, without excessive bureaucracy and with the main target being the businessmen with organized accounting and other requirements that allow the continuity of their activity.

Source: Angola Press News Agency