DILI, 14 november 2022 (TATOLI) – The Coordinator of the Inter-ministerial Commission for the Coordination of the Value Chain and Stimulation of Local Production Program, Azevedo Marçal, said that companies can take loans from the program between US$1000 and US$1 million.
“The Government has allocated US$50 million with an interest rate of 3% for a duration of 10 years. We are currently evaluating 12 proposals from different companies to provide short-term loans,” Marçal told TATOLI.
He said the Inter-ministerial Commission of the Value Chain and Local Production Stimulus Program is waiting for more proposals to be evaluated.
When asked about its implementation, Marçal said that loans would be available this year for small, medium, and large companies.
Related news:Value Chain Credit Program to lend between US$1000 and US$1 million to companies
Journalist: Camilio de Sousa
Editor: Filomeno Martins
