Mabogo Dinku Makes Positive Strides

Monday, March 02, 2020

CEDA Business Development Manager, Andrew Madeswi

The Citizen Entrepreneurial Development Agency’s (CEDA) micro-business financing product, Mabogo Dinku, has proved to be effective, as it has already funded businesses in different sectors to the tune of P26.1 million, creating 3,364 jobs in the process.

Introduced three years ago, Mabogo Dinku is a loan product with a ceiling of P20 million intended for 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.

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