Support of Local MSMEs In The Gambia

To support local MSME creation as a means to combat the causes of flight in The Gambia, German Sparkassenstiftung has partnered with National Association of Co-Operative Credit Unions of The Gambia (NACCUG) to implement a program to support micro entrepreneurs and Gambian returnees from abroad. This project is funded by the German Federal Ministry for Economic Cooperation and Development (BMZ).

The key objectives of the project are to:

• Equip potential migrants and returnees with basic entrepreneurial skills.
• Offer business coaching to enable them design their own business proposals.
• Provide access to credit unions and offer loans to selected participants in order to help them turn their business ideas into reality.

Recently, those who had successfully undergone the process were given a credit facility in kind to support their businesses. In total 13 beneficiaries of the project received assistance to aid their business start-ups and expansion. Most of them shared and showcased their business ideas with other participants during the ceremony. 

This project aims to combat the high level of irregular migration in The Gambia by empowering potential entrepreneurs especially the youth.

Event In Photos