BAI ANGOLA INVESTE is a product for investment projects financing to Micro, small and medium-sized enterprises, in partnership with the Ministry of the Economy and the Credit Guarantee Fund in the framework of the Angola Investe program.

BAI ANGOLA INVESTE is a product for investment projects financing to Micro, small and medium-sized enterprises, in partnership with the Ministry of the Economy and the Credit Guarantee Fund in the framework of the Angola Investe program.

Purpose:

The BAI Angola Investe funding is intended for investment in tangible fixed assets and/or reinforcement of working capital since in appropriate proportion to the investment in tangible fixed assets.

Note: tangible fixed assets are understood as: land and natural resources, buildings and other constructions, equipment and tools.

Advantages:

• Possibility of access to the mechanism of interest rate support;
• Grace period of 6 months;
• Access to the Credit Guarantee Fund;
• Training and productive expansion;
• Increase in the fixed assets of the company.

Currency:
Kwanzas.

Term:
Five (5) years.

Target market:

• Micro, small and medium-sized enterprises (MSME) constituted under the Angolan lawrights, with Angolan capital equal to or greater than 75%.

• Small businesses: those that employ more than 10 and up to 100 workers and/or have an annual gross turnover in AKZ exceeds the equivalent of USD 250,000.00 (250,000 United States dollars) and less than or equal to USD 3,000,000.00 (3 million dollars of the United States);

• Medium-sized enterprises: those that employ between 100 and 200 workers and/or have an annual gross turnover in AKZ superior or equivalent to USD 3,000,000.00 (3 million United States dollars) and less than or equal to USD 10,000,000.00 (10 million dollars of the United States);

• Micro Enterprise: those employing up to 10 workers and/or have a gross annual turnover up to USD 250,000.00 (250,000 United States dollars).

Credit limit:

• Maximum Micro Enterprises: up to the equivalent in AKZ USD 200,000.00 (200,000 Dollars);

• Maximum small business: up to the equivalent in AKZ USD 1,500,000.00 (one million and $ 500,000);

• Most medium-sized enterprises: up to the equivalent in AKZ USD 5,000,000.00 (5 million dollars).

Interest rate:

Micro Enterprises: LUIBOR for months plus a spread of 6%;
Small businesses: LUIBOR for 6 months plus a spread of 4.5%;
Medium-sized enterprises: LUIBOR for 6 months plus a spread of 3%.

Interest subsidy:

The MINEC bonifies interest in the proportion required for the client to pay the lesser of the following rates:

• Fixed annual rate of 5% (the maximum rate of interest payable to the customer shall not exceed five per cent);
• Annual fee equal to 30% of the interest rate agreed between the Bank and the beneficiary.

Note: the client receives the bonus after full settlement of interest and subject to the approval of the contractor MINEC.

Priority sectors:

• Agriculture, livestock and fisheries;
• Construction materials;
• Manufacturing industry, geology and mines;
• Support services to the Manufacturing Sector.

Requirements:

• Be a BAI client;
• Be and individual entrepreneur or company established under Angolan Law with Angolan capital equal to or greater than 75%;
• Certification by the INAPEM;
• A Framework of the sectors identified;
• Possess a regularized situation regarding tax authorities and social security;
• Undertake to ensure compliance with the financial and program purpose in application/request for financing;
• Present a balanced financial and economic situation in the case of companies already in operation.


For more information contact the nearest BAI counter from Monday to Friday, from 8:00 to 3:00 pm.