Bai-Microfinance donates USD 11 million for agriculture credit

Angola, Huambo – Bai-Microfinance has made available USD 11 million to finance agricultural projects of local business people that subscribed in the provincial agriculture, fishing and rural development department, to benefit from agriculture  investment credit. The fact was confirmed to the press in that city by the director of agriculture, Joaquim António, having revealed that it is underway  the phase of selecting beneficiaries of this financial amount. He explained that the referred credit, whose governmental decree was approved on April 14 of 2010, aims at facilitating access to financing small and medium agriculture producers of the country, in advantageous conditions, in an simple and fast way, as well as financing fixed and semi fixed investments.