Ver Angola

Banking and Insurance

Kixicrédito marks 18 years of existence with 770 thousand projects financed

Kixicrédito, the largest Angolan microcredit institution, celebrates 18 years of existence this Thursday (28 September). In its professional career, the company has financed more than 770 thousand projects, worth around 290 billion kwanzas.


In a statement sent to VerAngola, the company states that over these 18 years, "the more than 770 thousand projects financed stand out, an accumulated value equivalent to around 290 billion kwanzas", corresponding to "the annual disbursement of around 12 thousand million kwanzas, financing more than 30 thousand projects, and the active portfolio has more than 18,000 clients with effective representation throughout the national territory".

Over the years, "its action within the scope of PREI also stands out, where, as an operator, it accessed a line of financing dedicated to the productive sector and the flow, which aims to finance close to 6000 projects that pass through the formalization process", says the note, which adds: "To this end, KixiAgropesca products were made available throughout the national territory, an exercise that equally fits into the acceleration of the process of economic diversification".

Regarding PAME (Support Program for Microentrepreneurship) – which aims to promote employability through financing start-ups in partnership with INEFOP and the European Union –, the note states that it began in 2022, "as a pilot project and expected to end in March 2024, and to date, 230 projects have been financed, generating a total of 715 direct jobs and a success rate of 92 percent".

Thus, the document adds, "the main objective of PAME is to create a functional and replicable start-up financing model, so that different governmental and private entities can reuse the model in order to scale the experience and cover a number of largest number of beneficiaries".

The company also states that it has invested in "the process of product diversification, and in addition to traditional products", they have implemented KixiSolar, aimed at financing renewable energy kits; KixiFácil, aiming to "facilitate access to financing for small initiatives in an unbureaucratic way for a minimum value of 75 thousand kwanzas" and also KixiTaxi, which is aimed at covering the "void in the class of taxi drivers and motorcycle taxi drivers, which is one of the most deprived financial coverage".

In partnership with the International Finance Corporation (IFC), they began the digital transformation process, aiming to innovate their "modus operandi with the aim of promoting efficiency and a high degree of excellence in customer service".

It should be noted that Kixicrédito – which concerns a non-bank financial institution, a microcredit company, "the first in this category to be licensed by the BNA in 2008 and the largest in its category to operate in the country with superior coverage and market shares to 70 percent in all segments" – operates by granting credit "to micro and small entrepreneurs, with the aim of contributing to the growth of their businesses and consequently improving the quality of life of their families".

Currently, the company operates in 18 provinces, with more than 18,000 active customers.


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