It was the mid 1990’s and Angolans escaping the war in the provinces flooded into Luanda. Women struggled to feed their children but with no money and no jobs how could they survive? That is when Kixicredito, Angola’s first micro finance institution, was born. Today, over two decades later, KixiCredito has 14 branches and exists in 11 provinces. Like most micro credit programs it was financed with intervention aid, but unlike most, it is now financially sustainable. The Angola Field Group invites you to, KixiCredito, the micro finance story of Angola, presented by Joaquim Catinda, CEO of KixiCredito, Thursday September 6th at 8:00 PM at the Viking Club. A graduate of Angola University Business School, Mr. Catinda also studied finance at Harvard Business School and was chosen for the President’s Young African Leaders Initiative 2012 in the United States. He will talk about the evolution and challenges of micro finance in Angola’s petro economy. In terms of assets Kixicredito figures in the top 40 of micro finance institutions in Africa, tripling in the last 4 years. Most lending programs have a rural concentration but in Angola it evolved as urban to rural.
Everybody is welcome to attend. The talk will be in English. In close cooperation with the Viking Club, this event is offered free of charge. Beverages and snacks are sold at the Viking Bar which opens at 7:30 PM. Coupons must be purchased. For sale, traditional baskets hand woven and wild honey from Moxico.
You can download a map showing the location of the Viking Club on our Join Us page here. The Viking Club is on the main floor of Predio Maianga, the former Swedish Building, at Rua Marien N”Guabi, No 118 in Maianga, across the street from the new Panela de Barra restaurant.