Loan For Youths Benefits Malanje Province

Malanje, 07/22- Angola`s Government programme named "Youth Credit" on Tuesday officially reached Malanje city, in a ceremony chaired by the Provincial Governor, Cristovão da Cunha, Angop has learnt.
The launching of the “Youth Credit” culminated with the handing over of USD 45,000 out of the USD 100,000 made available by the Savings and Credit Bank (BPC) for this province.

Under the programme, each group may benefit from USD 5,000 to USD 10,000, having into account the kind of activity.For the first stage, beneficiaries are eight co-operatives of young people initially selected.

Meanwhile, BPC Northern region Director, Ilda Maria Silva, said that her institution will increase from USD 100,000 to 200,000 the amount available for Malanje province, under this Government programme.
On his turn, Governor Cristovão da Cunha said it is an act of responsibility for the beneficiaries and therefore they should meet the demands of this governmental programme.