Mabogo Dinku Creates Over 400 Jobs :: Mmegi Online

Barely a year since its launch, Citizen Entrepreneurial Development Agency.(CEDA)’s micro-business financing product, Mabogo Dinku has proved to be effective as they have already funded businesses in different sectors to the tune of P4.5 million and creating 413 jobs in the process.

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.

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Mabogo Dinku Creates Over 400 Jobs

Barely a year since its launch, Citizen Entrepreneurial Development Agency.(CEDA)’s micro-business financing product, Mabogo Dinku has proved to be effective as they have already funded businesses in different sectors to the tune of P4.5 million and creating 413 jobs in the process.

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