Agricultural loans in Angola to allow population involved in farming to increase

8 September 2010

Luanda, Angola, 8 Sept – the Angolan government plans to use agricultural loans to increase the number of families involved in farming, the assistant director general of the Agrarian Development Institute (IDA), Miguel Pereira said in Luanda.

Cited by Angolan news agency Angop, Pereira said that agricultural loans would make it possible for rural workers to have access to the basic tools of their activity, such as machetes, axes and hoes, particularly for growing vegetables such as beans, and other crops that provide a return in three months.

The assistant director general of the IDA, who was speaking in Luanda on Friday, noted that “the loans will not solved all the problems of the population, they are just an instrument that will support government programmes to re-launch agricultural production.”

Agricultural credit, Pereira said, was a support measure to allow people to move away from mere subsistence farming and into market agriculture.

The agricultural campaign, under the responsibility of the government, has the support of Banco de Poupança e Crédito (BPC), Banco Sol, BCI (Banco do Comércio e Indústria) and BAI – micro-finance. (macauhub)