Confederation of Business Associations (Maputo)

23 April 2014

Mozambique: BCI Launches New Credit Line for SMEs in the Amount of 5,000 Million Mt

Maputo — BCI Bank offers a new credit line designed to Small and Medium Enterprises (SMEs) in the amount of 5,000 Million MT, a move that reinforces its position as the Mozambican Small and Medium Enterprises Bank and that arises in the context of its commitment to support a growing and effective way of Mozambique economic and social development through the provision of solutions of treasury and investment for domestic enterprises.

The announcement of the availability of "SME Business Line BCI 2014," was made by the BCI Chairman of the executive committee, Paulo Sousa, at the 3rd Edition Event of the "100 Best SMEs" Award, a joint initiative of IPEME - Institute for the Promotion of Small and Medium Enterprises and SOICO group, which, once again under the High Patronage of BCI.

The SME Business Line BCI 2014 will allow the Mozambican SMEs to continue to have access to special conditions and truly distinctive financing that BCI provides for economic and social sustainable Mozambican economy development, which reinforces its position as the favorite SME Mozambique Bank.

Particularities and specific needs of some subsegments will be taken in to account. BCI has decided, under this mechanism, to create credit lines particularly targeted to Women Entrepreneurs, SME suppliers of Megaprojects and yet Agribusiness sector companies, enhancing the particular role that they play in the effort of creating conditions that promote economic growth in Mozambique.

The target segment of the SME Credit Line 2014 are all Mozambican Small and Medium Enterprises that are current or potential BCI customers.

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