Luanda: The microcredit company Kixicr©dito has AKz 15 billion kwanzas available to finance micro, small, and medium-sized entrepreneurs, the institution's financial director, Vicente Vilo, said on Wednesday.
According to Angola Press News Agency, speaking to the press at the end of a meeting with journalists, Vilo recalled that within the institution's 20 years of existence, over one million loans have been made available to a total of 500,000 customers. He revealed that this year alone, the finance company has granted over 40,000 loans.
Vicente Vilo added that in the last five years, Kixicr©dito has granted over 50 billion kwanzas to micro, small, and medium-sized entrepreneurs across the country. The company expects to reach over 100,000 customers in the coming years.
According to the official, with a market share equivalent to 58%, Kixicr©dito is prepared to continue supporting the national financial sector, strengthening financial literacy, and assisting entrepreneurs in implementing and developing their businesses.
Kixicr©dito is the first microcredit society to be registered by the Central Bank of Angola in 2028. The company's activities focus on granting loans to micro and small entrepreneurs with the aim of expanding their businesses, thereby improving the quality of life of their families.
