Morabi has already supported more than one thousand women and young people with 115 million escudos in the first six months

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Morabi has already supported more than one thousand women and young people with 115 million escudos in the first six months
Morabi has already supported more than one thousand women and young people with 115 million escudos in the first six months

Africa-Press – Cape verde. The Savings and Credit Cooperative (Morabi) granted in the first six months about 1.015 credits in the amount of 115 million escudos to support young and female heads of household with projects mainly in the business area.

The information was provided to Inforpress by the chairwoman of the board of Morabi, Lina Gonçalves, who said that the institution is getting back to normality, since the last two years have been “quite difficult” given the consequences of the COVID-19 pandemic.

As she said, the pandemic brought many challenges for the sector, but on the other hand it also brought “new business opportunities, other fields to explore and greater demand.”

“From January to this date, Morabi granted about 1.015 credits in the amount of 115 million escudos, with 50 credits worth 14 million escudos for those that fall within the social obligations, that is, for projects with social impact,” said the chairwoman.

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