Between November 2019 and January 2020, 38 percent of adults in Angola reported having access to credit. While 16 percent of respondents relied just on formal products, such as bank loans and mortgages, eight percent depended on credit only from informal sources, including unofficial money lenders, family, and friends. Furthermore, nearly 14 percent cited the use of credit from both formal and informal borrowers.
Share of adults with access to credit in Angola between November 2019 and January 2020
The source adds the following information:
"'Only formal' includes adults who report currently using a mortgage and credit housing product, formal loan from a duly authorized commercial entity, credit card, or credit from an MFI or other formal or credit cooperative but do not borrow from informal money lenders, family/friends, or self-help groups. 'Only informal' includes adults who report borrowing from informal money lenders, family/friends, or self-help groups, but do not use a mortgage and credit housing product, formal loan from a duly authorized commercial entity, credit card, or credit from an MFI or other formal or credit cooperative".
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Banco Nacional de Angola, & World Bank, & Angolan Financial Stability Council. (July 1, 2020). Share of adults with access to credit in Angola between November 2019 and January 2020 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1227470/share-of-adults-with-access-to-credit-in-angola-by-level-of-formality/
Banco Nacional de Angola, und World Bank, und Angolan Financial Stability Council. "Share of adults with access to credit in Angola between November 2019 and January 2020." Chart. July 1, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1227470/share-of-adults-with-access-to-credit-in-angola-by-level-of-formality/
Banco Nacional de Angola, World Bank, Angolan Financial Stability Council. (2020). Share of adults with access to credit in Angola between November 2019 and January 2020. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1227470/share-of-adults-with-access-to-credit-in-angola-by-level-of-formality/
Banco Nacional de Angola, and World Bank, and Angolan Financial Stability Council. "Share of Adults with Access to Credit in Angola between November 2019 and January 2020." Statista, Statista Inc., 1 Jul 2020, https://www.statista.com/statistics/1227470/share-of-adults-with-access-to-credit-in-angola-by-level-of-formality/
Banco Nacional de Angola & World Bank & Angolan Financial Stability Council, Share of adults with access to credit in Angola between November 2019 and January 2020 Statista, https://www.statista.com/statistics/1227470/share-of-adults-with-access-to-credit-in-angola-by-level-of-formality/ (last visited November 21, 2024)
Share of adults with access to credit in Angola between November 2019 and January 2020 [Graph], Banco Nacional de Angola, & World Bank, & Angolan Financial Stability Council, July 1, 2020. [Online]. Available: https://www.statista.com/statistics/1227470/share-of-adults-with-access-to-credit-in-angola-by-level-of-formality/
