Mabogo Dinku Creates Over 400 Jobs

Mabogo Dinku, which was introduced in August last year, is a loan product with a ceiling of P20 million intended for low micro-businesses that are not able to access the main CEDA development fund.

The product allows micro-entrepreneurs to apply for loans of up to P150,000 payable in three to 12 months to fund working capital and asset purchases. According to the Agency’s chief executive officer (CEO) Thabo Thamane, when establishing the product, their aim was to encourage youth to come in groups and establish businesses that would create employment in return.