Mabogo Dinku Makes Positive Strides
Monday, March 02, 2020
CEDA Business Development Manager, Andrew Madeswi
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.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...