The information was transmitted by the president of the FGC board of directors, Luzayadio Nsimba, noting that facilitating access to credit focused on promoting national production.
According to the Angola Press agency, the agriculture sector led the list of guarantees issued in 2023, with 74 projects, followed by fishing, manufacturing, livestock and support services for the productive sector.
Speaking this Tuesday, at the end of the signing ceremony of a memorandum with Banco Yetu, the person in charge announced that the institution he heads plans to issue 1000 credit guarantees in 2024, urging promoters to adhere to the State's credit facility, via the FGC.
The memorandum signed this Tuesday, in Luanda, between the FGC and Banco Yetu aims to grant a credit guarantee of up to 200 million kwanzas to micro, small and medium-sized companies, as well as cooperatives and individual entrepreneurs.
With a risk coverage of up to 90 percent, the amount under management of the commercial bank must finance company projects, aiming to "promote national production and thereby reduce hunger, poverty and unemployment" in the country, argued the person in charge.
"This protocol will facilitate access to credit for micro, small and medium-sized companies and also for cooperatives and individual entrepreneurs, what the FGC has been doing over the last few years is to facilitate access to credit and this is also the reason for creation of the FGC", said Luzayadio Nsimba.
The instrument signed, through the Support Line for Sustainable Projects (LAPS), outlined by the FGC, must cover the insufficiency of real guarantees for the sector, as highlighted by the fund's administration.
Nsimba also announced that the FGC reimbursed commercial banks, in 2023, around 8 billion kwanzas, as payment for the risk assumed in projects activated and which were unsuccessful within the scope of Angola Investe.
The administrator of Banco Yetu, João Ferreira, said, at the time, that the banking unit will provide credit to its customers according to their appetite and projects that are presented at the bank.
"All credits that meet the assumptions must be made viable, we have to reach a figure of 20 guarantees per week and I think we will achieve it", he stressed.
