Caixa Microcredit

The Caixa Microcredit allows microentrepreneurs and low-income people, who have small businesses, formal or informal, and who operate in any sector of the economy, to have access to small amounts that can be settled in the short or medium term. The loans granted are intended to meet the financing needs of their economic activity, creating employment and contributing to the development of the country.

Target Audience

Micro-entrepreneurs and low-income individuals, who do not meet the necessary characteristics to access bank credit, but who wish to obtain some financing to invest in an income-generating activity.


Caixa Micro-credit Application
Access Conditions

A Brief History of Microcredit

Caixa Económica of Cabo Verde has been playing an important role in the field of microfinance, through the management of various lines of microcredits, contributing to the financial inclusion of low-income population groups without access to traditional bank credit.

The most relevant of these lines is the Training and Loan Programme for Micro Enterprises (PFEME), both in terms of the financial resources made available and in terms of the number of clients covered over the various years of activity. Microcredit was implemented and managed by the American NGO ACDI/VOCA (Agricultural Cooperative Development International Volunteers in Overseas Cooperative Assistance), from May 1997 to April 30, 2001, through a protocol with Caixa Económica de Cabo Verde, S.A., having obtained good results.

Since May 2001, the management of Microcredit has been transferred to Caixa, through an agreement between Caixa Económica de Cabo Verde and ACDI/VOCA, with the essential objective of promoting the integration of Microcredit activities with a credible and stable commercial bank in the market, also aiming at a national scope of the programme.

In September 2006, after an evaluation by ACDI/VOCA, in which the results of the Caixa management were considered excellent, Microcredit was definitively transferred to Caixa Económica de Cabo Verde, with the Transfer Protocol signed by the respective representatives of the parties.

In December 2017, the Microcredit integration process was completed with the transfer of the credit portfolio to the Banka system. Thus, as of January 2018, the credits started to be integrated in the Caixa balance sheet, and managed through the system.

From June 2019, with the start-up of the front office operations in its new facilities at the Fazenda, the Microcredit counter began to make available to its clients and the target public in general, a wider range of banking services, namely deposits, withdrawals and transfers, including those of Western Union, all with greater comfort, convenience and completely secure.