In an effort to provide more Batswana with its products and services, particularly in the small micro-enterprises sector the Citizen Entrepreneurial Development Agency (CEDA) has developed a new product named Mabogo-Dinku. The product is targeted at the low income micro businesses that are not able to access the main CEDA Development Fund.
Mabogo- Dinku was officially launched to the media at a Media Launch held at Masa Square Hotel on the 30th August 2016. To officially launch Mabogo-Dinku was the Chief Executive Officer, Mr. Thabo Thamane and Chief Operations Officer Mr. Andrew Madeswi.
The purpose of Mabogo-Dinku is to provide Batswana with subsidized loans for various micro-enterprises to enable citizen participation in enterprise development. The Mabogo-Dinku loan provides enterprises with funds for their business needs such as working capital and small asset finance.
Speaking at the launch, the CEO explained why the Agency saw Mabogo-Dinku as an important product to offer Batswana. “Mabogo-Dinku is aimed at addressing 5 key issues namely; poverty Alleviation, Financial Inclusion, Economic Empowerment, Job Creation and lastly Women and Youth Empowerment,” said Mr. Thamane. He went on further to explain the importance of instilling a culture of savings and partnerships amongst those who intend to access Mabogo-Dinku. The CEO also explained that Mabogo-Dinku will be available to Batswana in all types of sectors across the country.
For his part, the Chief Operations Officer Mr. Andrew Madeswi gave an in-depth overview of how Mabogo-Dinku works and how the Agency intends to roll out the product throughout the Country. Mr. Madeswi highlighted the essential elements of accessing Mabogo-Dinku and gave an overview of the group methodology, group orientation and training, a culture of saving, loan purpose and loan limits.
After the speeches by the CEO and COO, the media was given the opportunity to ask and seek clarity on the product. In the question and answer session the CEO and COO further elaborated on how the product works and who it is primarily targeted at.
After the launch the media were thanked for their attendance and offered to refreshments.
For further clarity on the Mabogo-Dinku product kindly contact any of the CEDA Client Service Centres.
Ends..
Leatile G. Bakwena
Communications Manager
Tel: +267 399 1084
Fax: +267 395 1823
Cell: +267 72323286
Email: lbakwena@ceda.co.bw
