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City of Banjul
Wednesday, September 30, 2020

NACCUG gives loans to 13 entrepreneurs

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By Maimuna Sey-Jawo

The National Association of Cooperative Credit Unions of the Gambia (NACCUG), in collaboration with Savings Bank Foundation for International Cooperation (SBFICs) last Wednesday awarded 13 entrepreneurs .

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The 13 entrepreneurs were awarded D100,000 each in a form of loan to be paid within 24 months at a programme held at the NACCUG office in Kanifing.

The beneficiaries received these loans after undergoing a training organised by NACCUG and partners in three areas namely; micro business game, farmers business game and savings business game.

The general manager of NACCUG, Foday Sanyang, said the association was established in August 1992 as the umbrella body of credit unions in The Gambia.

He challenged the awardees to see the loans as an opportunity and to take advantage of it, telling them ‘many are called but few are chosen’.

Felix Amoako Boampong from SBFIC, said they partnered with NACCUG to train the entrepreneurs to build their own businesses.

He described the training as the first of its kind and assured NACCUG of more collaborative efforts geared towards building the aptitude of entrepreneurs.

Florence Mendy, training and research officer, said the training seeks to improve the entrepreneurs’ business thinking, help them realise market dynamics and competition.
He urged them to make use of the loans and to adopt a culture of saving cash.

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