VSLAS (Village Saving & Loan Associations) - Cabo Verde
Microfinance sector in Cape Verde
Microcredit institutions in Cape Verde
Considering that unemployment is the main cause of involuntary entrepreneurship, microcredit appears as an alternative source of resources for small entrepreneurs, formal or informal, as well as an auxiliary tool in the fight against poverty and social exclusion. According to Professor Muhammad Yunus' experience in Bangladesh, microcredit has spread all over the world, reaching Cape Verde as well.
According to Law No. 83 / VIII / 2015 of January 16, microfinance is considered an activity carried out by authorized entities consisting of providing adequate and sustainable financial services to low-income populations. excluded from the traditional financial system.
Law No. 12 / IX / 2017 (republished Law No. 83 / VIII / 2015 of January 16) provides that associations and other institutions practicing microfinance must promote the separation of social functions from microfinance, so that their activities will be exercised by different legal entities, will adapt to the other provisions of the law and will also be registered with the Bank of Cape Verde, until December 31, 2018.
According to the website of the Bank of Cape Verde in Cape Verde, 7 microcredit institutions are registered.
1.ASDIS- CREDIT COOPERATIVE “COOP-ASDIS MICROFINANCE”
Registered under No. 01/2018 - Vila Nova - Praia City
- Calheta S. Miguel email@example.com (mailto: firstname.lastname@example.org) email@example.com (mailto: firstname.lastname@example.org)
Phone: +238 273 1630
Fax: + 238 273 1405
2. COOPERATIVE FOR THE PROMOTION OF FINANCIAL INCLUSION, CITI.COOP.
Registered under number 02/2018 Ponta D`Água, City of Praia
email@example.com (mailto: firstname.lastname@example.org); email@example.com (mailto: firstname.lastname@example.org)
Contact: TEL: (+238) 2643968/923 03 57
3. OM CREDITO - THE CREDIT MUTUALITY OF SAVINGS AND CREDIT
Registered under No. 03/2018 Rua Andrade Corvo, No. 21, ground floor
City of Praia
email@example.com (mailto: firstname.lastname@example.org)
email@example.com (mailto: firstname.lastname@example.org)
PHONE: (+238) 261 90 90/261 60 70
4. COOPERATIVE SOCIETY SAVINGS AND SUPPORT CREDIT FOR INDEPENDENT PROMOTION INITIATIVES - SOLMI-COOP
Registered under number 01/2018 under number 4/2018 Ponta D´Água, City of Praia
email@example.com (mailto: firstname.lastname@example.org)
PHONE: (+238) 9916910
5. SAVE COOP-COOPERATIVE WELLBEING AND CREDIT FOR FINANCIAL INCLUSION
Registered under number 05/2018 City of São Filipe, Fogo Island
PHONE: (+238) 56812841/2813167
email@example.com (mailto: firstname.lastname@example.org)
PHONE: (+238) 2611725/9179734
6. MORABI, SAVE CREDIT COOPERATIVE AND LIMITED LIABILITY
Registered under number 06/2018 Achada Santo António, city of Praia
email@example.com (mailto: firstname.lastname@example.org)
PHONE: (+238) 2611725/9179734
7. FAMI-PICOS MUTUALITY OF SAVINGS AND CREDIT MPC
Registered under number 07/2018, town of Achada igreja Picos, Santiago Island, Cape Verde
email@example.com (mailto: firstname.lastname@example.org)
email: email@example.com (mailto: firstname.lastname@example.org)
TEL: (+238) 2721316 - Fax: (+238) 2721316