Africa-Press – Angola. The Angolan Risk Credit Support Fund (FACRA) has recently approved 16 projects in the country valued at 4.8 billion Kwanzas, said Tuesday, in the city of Uíge, the president of the institution, Teodoro Poulson.
These are projects in the transport, storage and conservation of agricultural and sea products sectors and the agro-food processing industry.
Since 2012, FACRA has disbursed around 20 billion Kwanzas to finance nine projects in the country, explained the person responsible at the end of the clarification meeting on financial products and procedures for granting credit..
Regarding ongoing projects, he said they are in the financing phase and then direct monitoring will continue, for the success of the implemented programs.
In relation to the province of Uíge, he said that the intention is to reinforce the appeal to investors in the region, in order to access the financial products available.
He said that the province of Uíge has agricultural and animal production potential, hence “our presence here to reinforce the appeal and identify some projects that fit into the priority sectors”, he explained.
In turn, the governor of the province of Uíge, José Carvalho da Rocha, explained that the financing aims to transform the region into a food production area for different markets.
He explained that it is through this transformation that the province can create different jobs for young people, calling for everyone’s collaboration in this challenge.
FADA presents financial products in Uíge
During the activity, the executive administrator for the Business Area of the Agrarian Development Support Fund (FADA), Renato Baptista, presented several financial products for entrepreneurs.
This involves credit for coffee, cocoa, cotton, poultry farming, swine farming, fish farming, livestock farming, agro-youth credit, support for marketing and logistics, reinforcement of community funds and credit for rural women.
He said that the minimum credit value is five million and the maximum is 80 million Kwanzas.
On the other hand, he informed that FADA will develop, this year, decentralization services called “FADA agents”, which will finance communities with fertilizers and other means of cultivation.
In turn, the owner of the Vilanova farm, Almeida Lutukuta, explained that he has 200 hectares of land, of which 50 are being used to grow corn, cabbage, eggplant, okra, sweet potatoes, watermelon, tomatoes among other products.
He said that the meeting was beneficial, justifying that he was informed about financial products and requirements for obtaining credit.
For More News And Analysis About Angola Follow Africa-Press
