Moçâmedes – At least fifty young people from Namibe province, received, this Wednesday, bank credit to promote their business initiative in agricultural sector.
Each of them received Akz 3,000,000 to be reimbursed after 3 years with a 3% interest rate.
In Statement to ANGOP, the coordinator of the youth program of support to the national production, Jackson Manuel, said that the Agricultural Development Support Fund (FADA), sponsor entity, is available to support all young people who have entrepreneurial initiatives in the agricultural sector.
He underlined that the program is part of the Government's strategy for youth´s financial self-balance.
Beneficiaries received training in fund management, growth and expansion of cooperatives.
