Angola: Micro-Credit Considered Indispensable Tool to Fight Poverty

The government's programme of micro-credit is a valuable and indispensable tool to fight against hunger and poverty, said on Monday in Luanda the chairman of the board of directors of Sol Bank, Miguel Coutinho.

The banker said so to Angop when inaugurating a new branch of the referred bank in Belas municipality.

He said that the micro-credit programme will always be present in Sol Bank's leadership agenda.

The manager advocated that Angola can only achieve growth levels by significantly reducing poverty.

"Sol Bank, which is a driving force and at the leading edge of the programme, will continue to work to make poverty reduction a reality" said Miguel Coutinho.

Sol Bank supports the efforts of the Angolan government, which consists on the recovery, reconstruction and development of the national economy.

With the inauguration of the new banking agency, Sol Bank totals 145 branches countrywide and employs 200.000 workers.

Ads by Google

Copyright © 2013 Angola Press Agency. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.