Economic Empowerment
Source: All Africa
A cooperation protocol to support small and medium enterprises was signed Wednesday in Luanda between the Millennium Angola Bank and the Angolan Federation of Business Women (FMEA).
According to a note from the bank, the agreement is exclusively for FMEA members and the initiative makes provisions for granting of "Nova Vida" credit estimated at Akz 30.000 to two million for each credit transaction.
The source adds that the partnership between the bank and FMEA will have a national coverage with favourable conditions for 2,825 provincial associations.
The opening of a FMEA account in any branch of the Millennium Bank is one of the conditions for access to the "Nova Vida" credit.