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EMOSE and Mozambique Chamber of Commerce Announce Financing Solutions for National SME

EMOSE and Mozambique Chamber of Commerce Announce Financing Solutions for National SME

Mozambican Insurance Company (EMOSE), in partnership with the Mozambican Chamber of Commerce (CCM), are working on the creation of solutions to facilitate access to finance for national Small and Medium Enterprises (SMEs), so that they can leverage their business.

Speaking to “Notícias”, the PCA of EMOSE, Joaquim Maqueto Langa, explained that through new solutions “SMEs will be able to strengthen their treasury, as well as export or invest in technical capacity, especially to meet the demands of the oil&gas industry and other megaprojects.”

The source justified the company’s action with the realization that access to finance remains a major challenge for SMEs.

“EMOSE partners with SMEs and commercial banks in the process of accessing finance. By the nature of its business, our company has been protecting commercial banks from non-financial risks that may adversely affect their lending activity through its product portfolio,” he said.

According to the PCA, Emose’s portfolio includes life insurance for borrowers up to the limit of the value of the loans and property insurance for movable and immovable assets that are ceded to the banks by borrowers.

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“The company has been offering guarantee insurance products to companies for business and contract execution, through guarantees of good execution and operational guarantees of good payment,” he said.

For the leader, some of these instruments are only possible to implement due to the “integrated vision that the institution has in the business field in Mozambique and also to gain indicators of financial autonomy and solvency to honor the commitments in the face of any claim, that is, also valued by large companies in the state sector, private companies, and the Government itself”.

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