LInha BEI

The European Investment Bank (EIB), together with Moza Banco, is providing €10 million to support Mozambican companies, especially those led by women. The main aim of this funding is to contribute to economic growth and development and to reduce gender inequality by offering favourable and flexible credit terms to women entrepreneurs.

Eligible Companies:

The financing is available to companies from various sectors, including manufacturing, transport, agriculture, health, and services, with up to 2,999 employees and that meet Moza Banco’s credit granting criteria.

To qualify for this financing, companies must also meet at least one of the following criteria:

• Micro, small and medium-sized enterprises (MSMEs) that meet the following:
• 51% of the share capital is owned by women;
• 30% of the management team consists of women;
• Between 30% and 50% of the workforce is female;
• The company’s products or services promote women’s empowerment.

Loan Amounts, Terms and Interest Rates:

Working Capital Support:

• Overdraft Facility: Minimum of 200,000 MZN or equivalent in USD, maximum of 5 million MZN or equivalent in USD;
• Bill Discounting: Minimum 200,000 MZN, maximum 5 million MZN.

Investment Credit:

• Minimum 500,000 MZN or equivalent in USD, maximum 5 million MZN or equivalent in USD.

Terms:

Working Capital Support:

• Overdraft Facility: Up to 6 months, renewable;
• Bill Discounting: Minimum 30 days, maximum 180 days.

Note: Working capital support may have terms up to 24 months.

Investment Credit:

• Minimum term: 6 months;
• Maximum term: negotiable, up to 60 months.

Interest Rate:

Financing conditions tailored to companies, with negative spreads on loans in MZN.

Other Benefits:

• Working capital loans with long maturity terms;
• Personalised service;
• Flexible service levels;
• Possibility to join the MSME Development Academy (“Programa PraFrente”).

Contact your Account Manager now or visit a Moza Banco branch to learn more.