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Mabogo-Dinku
OVERVIEW
CEDA provides subsidized loans for various micro-entrepreneurs to enable citizen participation in enterprise development. Mabogo-Dinku loan offers micro-enterprises an opportunity and enables citizen participation in enterprise development. Mabogo-Dinku loan provides micro- enterprises with funds for their needs e.g. working capital and small asset finance.
Mabogo-Dinku offers short term loans from P500.00 to a maximum of P150, 000.00 per person, payable in 3-12 months to citizens who are micro-entrepreneurs to assist in the growth of their business.
The funds can be used towards:
- Business running expenses like stock, rentals etc.
- Acquisition of micro-business assets like equipment, tools etc.
Criteria for funding:
- Citizens must be aged 18 years and above.
- Individuals operating legal income generating activities.
- Must be in a group of 5-15 members.
- Owner managed businesses.
- Willing to co-guarantee one another in a group.
- Willing to meet as a group weekly/fortnightly/monthly.
- Business proposals that are financially viable in the long term.
- Training & Mentoring is a pre-requisite for funding.
Product Sectors:
Services
Criteria for funding:
a) Citizens must be aged 18 years and above.
b) Individuals operating legal income generating activities.
c) Must be in a group of 5-15 members.
d) Owner managed businesses
e) Willing to co-guarantee one another in a group
f) Willing to meet as a group weekly/fortnightly/monthly
g) Business proposals that are financially viable in the long term4
h) Training & Mentoring is a pre-requisite for funding.