Luanda - National businesspeople and entrepreneurs working in the areas of innovation and startups can now count on technical assistance to prepare processes for bank credit.
To facilitate the financing of projects, a protocol was signed on Wednesday between the National Institute for Support to Micro, Small and Medium-sized Enterprises (INAPEM) and the Angolan Association of Banks (ABANC).
According to the chairman of the INAPEM Board of Directors, João Nkosi, co-signatory of the protocol, along with the leader of the banks’ association, Mário do Nascimento, the main objective of the agreement is to encourage young people in the creative economy, based on technology and innovation.
He announced the existence of 500 processes, created by INAPEM, to be submitted to the bank for financing the respective projects, adding that the institute will provide technical assistance, training services in management and certification, as well as the “Made in Angola” service.
João Nkosi pointed out, among other factors, the poor organization of the documents when applying for credit, by entrepreneurs or businesspeople, as one of the main barriers in accessing bank loans, which is why a specialized committee was created to help with this process, according to the checklist of 23 commercial banks that operated in the national market.
The manager said that the institute he heads will provide services linked to technical assistance, management training, certification, as well as the “Made in Angola” service.
On the other hand, he highlighted that the institution has around 45,000 certified members, including micro entrepreneurs, micro and small-sized companies, having received, in the last three years, more than 3,000 requests for support in accessing credit.
He explained that of this number, more than 2,000 benefited from the required financing, with emphasis on the manufacturing and commerce sectors. OPF/VC/MRA/DOJ
