Algeria to increase microcredits for young entrepreneurs
17/03/2008
Algeria's Ministry of National Solidarity plans to raise the number of microcredits granted to young Algerian entrepreneurs to more than 100,000 by the end of 2008, local press quoted minister Djamel Ould Abbes as saying on Saturday (March 15th). Speaking at a meeting aimed at evaluating the work of the National Agency for Microcredit Management (Angem), Abbes said the move was expected to ensure social stability for some 150,000 families. Ould Abbes said the agency has been instructed to quickly establish a list of eligible beneficiaries, including young graduates, widows, housewives, rural women, poor families and the families of victims of the national tragedy.
Abbes also said the government has instructed banks to reduce the waiting period for a decision to no more than three months for individuals who submit an application.
ridha Posted 2008-03-17
About the policy of the government in offering jobs to unemployed young people: A friend that shall remain nameless, when he wanted to apply for a loan at an Algerian bank... before he prepared the file, he looked for an intermediary friend and received the green light from the latter. Then he gathered the file and the intermediary presented it to the official in the bank with the amount of 100000.00 dinars - one hundred thousand- and today, thanks to the good policy of the state in Leberchoura, he cares for a family made up of ten members. This is a drop from an ocean and not the sea.
yahia Posted 2009-02-22
Hi- I am an employee at Agnem. I tell you, the people, that Agnem has simplified its procedures.
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