Angola Press Agency (Luanda)

Angola: Government's Micro-Credit Programme Grants Self-Employment

Luanda — The project of micro-credit and credit for consumption of the Angolan government, launched in September 2005 and mainly designed for rural areas of the country, is a useful tool in a process of combat to hunger, misery and extreme poverty, because it made people become self-employed, considered in Luanda, the CEO of Sol Bank, Coutinho Nobre Miguel.

"We believe that the micro-credit is an important tool in the programme of combat to poverty. This project enables people to achieve self-employment, reduces suffering, creates alternative development, retrieves citizenship and enables social inclusion" - the manager stressed at an interview to ANGOP Wednesday.

To Coutinho Nobre Miguel, with the micro-credit, the programmes of combat to hunger and food security are being implemented with success, with the improvement of the living conditions of the beneficiaries, allowing the social reinsertion of the population and due to the fact that families start becoming capable of paying for their health expenses.

The manager of Sol Bank said that the micro-credit has also been contributing greatly to the increase of human development rates in Angola.

Concerning the reimbursement of the sums made available, whose interest rate is of eight percent in 18 months, he informed that, before a person can receive the loan he undergoes a course so as to acquire knowledge of a cautious management of the funds granted.


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