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Thu, 09 Jan 2020 17:02 - Updated Thu, 09 Jan 2020 16:37

Over 50 young people benefit from credit in Moxico

Luena - Fifty-four young graduates from entrepreneurship in the province of Moxico benefited from bank credit from October to last December, under the Action Plan for the Promotion of Employability (PAPE).

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Moxico: Director of Provincial Office for Integrated Economic Development, Guimarães Pinto Luís

Photo: kinda kyungu

Speaking to the press, the director of the provincial office of Integrated Economic Development, Guimarães Pinto Luís, explained that the credit covered entrepreneurs in the areas of sewing, hairdressing, quarry, pastry, cooking, among others and was made available by Banco Sol.

Without specifying the amount of this first phase of the project, the official who was speaking at the end of the first ordinary session of the government pointed out that to start the business, each beneficiary was granted an amount of 300,000 kwanzas.

For the success of this program, which runs until 2022, the beneficiaries will have technical assistance from the National Institute of Employment and Vocational Training (INEFOP).

The advisory, he justified, aims to avoid the bankruptcy of small companies created under the PAPE.

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