Small and medium-sized enterprises, especially those led by women, will benefit from financing of €10 million (approximately $11.7 million USD), equivalent to 741 million meticais, for entrepreneurship initiatives. The initiative comes from Moza Banco, in strategic partnership with the European Investment Bank (EIB).
Anchored in the Moza Women project, the initiative reinforces the bank’s commitment to sustainable economic growth and gender equality, translating its corporate values of Integrity, Resilience, Winning Together, and Ambition into practice.
With favorable credit conditions, Moza Banco seeks, through the EIB Line, to overcome barriers that often hinder women’s access to financial resources, encouraging investment, business expansion, and consolidation.
To benefit from this financing, companies must demonstrate strong female representation, whether in shareholding, management, workforce, or the nature of products and services that promote women’s empowerment.
The credit is available for sectors such as industry, transport, agriculture, health, and services, amplifying the economic and social impact of this initiative.
“We have taken on the mission to make a difference every day, contributing to Mozambique’s success. The EIB Line, created in partnership with the European Investment Bank, is more than financial support: it is an empowerment movement that puts women at the center of economic and social development,” said the Chairman of Moza Banco.
Furthermore, under the Moza Women project, the bank announced that in addition to creating offerings aimed at women, it is establishing partnerships with women-led initiatives, offering competitive discounts to all customers making purchases or payments using Moza cards.
Through this action, Moza Banco reaffirms its role as an active agent in creating opportunities, generating positive impact, and building an inclusive economy where everyone can grow and thrive.
Source: O País