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Microcredits: Why are Informal Loans or 'Drop by Drop' an Option in Latin America?

The 'drop by drop' has become a problem in Latin America, especially for people who cannot get microcredit from banks and who resort to loans with high-interest rates from criminal groups to maintain their homes or boost their businesses.

Panama , Barranquilla , Atláico , Colombia , Chile , Argentina , Honduras , Guatemala , Mexico , Bolivia , Uruguay , United-states

Over 2,000 Angolan producers to have access to microcredits

Over 2,000 Angolan producers to have access to microcredits
Over 2,000 Angolan producers to have access to microcredits
Luanda, Jan 13 (Prensa Latina) The Angolan Ministry of Economy and Planning (MEP) informed on Wednesday that more than 2,000 small and medium-size national producers will have access to microcredits during the first half of 2021.
Secretary of State for the Economy Mario Caetano Joao said that the aim is to support 2,300 entrepreneurs in the first half of 2021, for which financing is guaranteed.
According to the official, the aid to micro, small and medium-size businesses will include training and job qualification offers, as well as the registration of producers of goods and services as part of the reconversion of the informal sector.

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