Maputo city government signs loan agreement with Barclays Mozambique

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Maputo city government signs loan agreement with Barclays Mozambique

1:05 CAT | 31 Jan 2018

The MoU was signed yesterday by Manuel Guimarães, permanent secretary of Maputo city government, and Pedro Carvalho, chairman of Barclays Retail and Business Banking. Photo: Supplied

Around 60,000 state employees and agents in Maputo City can now benefit from medium- and long-term insurance loans for various purposes from Barclays Bank Mozambique.

The project is covered by a memorandum of understanding signed yesterday by Manuel Guimarães, permanent secretary of Maputo city government, and Pedro Carvalho, chairman of Barclays Retail and Business Banking.

The agreement aims to make it easier for state employees to obtain financing for various purposes such housing, consumer goods (including vehicles), academic and professional training and others.

Carvalho said that the memorandum represented added value for the employees, because it would answer for all, depending on the needs and salaries of the individual. He explained that, to guarantee the effectiveness and scope of the project, loans would be granted for periods ranging from 30 days to 25 years.

A Barclays press release of the event reveals that all employees belonging to institutions supervised by or subordinate to the government of the city of Maputo are eligible.

“We are fully convinced that the signing of this Memorandum will strengthen and strengthen cooperation between the two entities, based on the provision of financial services to City Government officials. In recognition of the value we give to this partnership, it is also worth noting that the signing of this memorandum of understanding reflects the vision and mission of both Institutions, with the main objective being to satisfy the desires of the employees of this important Institution and the improvement of their quality of life,” said Carvalho, cited in the communique.

Source: Notícias / Barclays Mozambique Press Release