Uíge - The Angolan Risk Credit Support Fund (FACRA) has recently approved 16 projects in the country valued at 4.8 billion Kwanzas, said on Tuesday in the Province of Uíge, the president of the institution, Teodoro Poulson.
These are projects in the sectors of transport, storage and conservation of agricultural and seafood products and the agri-food processing industry.
Speaking to ANGOP at the end of a meeting to clarify financial products and procedures for granting credit, he explained that since 2012, the institution has disbursed around 20 billion kwanzas to finance nine projects in the country.
Regarding the projects underway, he said that they were in the financing phase and would then be monitored directly to ensure the success of the programmes implemented.
With regard to Uíge province, he said that the intention was to strengthen the appeal to investors in the region to access the financial products available.
He said that Uíge Province has an agricultural potential as well as animal production, that is the reason for their presence to reinforce the call and to identify some projects that fall within the priority sectors.
In turn, the governor of Uíge province, José Carvalho da Rocha, explained that the funding aims to transform the region into a food production area for different markets, adding that it is from this transformation that the province can create different jobs for young people, calling on everyone to collaborate in this challenge.
The Fund for Support to Agricultural Development (FADA) presents financial products in Uíge province.
During the activity, the executive director for the Business Area of FADA, Renato Baptista, presented various financial products for entrepreneurs.
These include credit for coffee, cocoa, cotton, poultry, pig farming, fish farming, livestock, agro-youth credit, support for commercialisation and logistics, reinforcement of community funds and credit for rural women.
He said that the minimum amount of credit is five million kwanzas and the maximum is 80 million kwanzas.
On the other hand, he said that this year FADA will develop decentralisation services called "FADA agents", which will finance communities with fertilisers and other means of cultivation.
For his part, the owner of the Vilanova farm, Almeida Lutukuta, explained that he has 200 hectares of land, 50 of which are being used to grow maize, cabbage, aubergines, okra, sweet potatoes, watermelons and tomatoes, among other products.
He said that the meeting was useful, explaining that he was informed about financial products and the requirements for obtaining credit.
EPP/JAR/MRA/jmc
