Angola: adults with access to credit 2019-2020

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

Characteristic	Share of respondents
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Release date

July 2020

More information

Region

Angola

Survey time period

November 2019 to January 2020

Number of respondents

1,189 adults

Method of interview

Computer-assisted personal interviews (CAPI)

Supplementary notes

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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