The microfinance sector in Angola is still underdeveloped while there is a great demand in the country’s expanding economy for financial services at the lower end of the market. Microfinance institution KixiCredito aims at giving an increasing number of people access to basic financial services. The loan provided by Triodos Sustainable Finance Foundation will enable KixiCredito to realise this ambition and expand its role as a market leader in the microfinance market in Angola. The institution is also looking into the possibilities for developing and implementing a solar lending product. This product is envisaged to be piloted in Angola's capital city Luanda.
KEY INDICATORS KixiCredito at year-end 2012:
- number of loan clients: 14,701
- percentage female clients: 57%
- percentage rural clients: 9%
- average loan amount: EUR 755
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.