NACCUG Trains 35 Mini Grant Shortlisted Applicants on Financial Literacy

Mr. Saikou Touray, YEP/NACCUG Mini Grants Office

The National Association of Cooperative Credit Union of the Gambia (NACCUG), last Saturday, 1st December, 2018, convened a Financial Literacy training programme for 35 shortlisted applicants of Youth Empowerment Project (YEP) mini grant scheme.

 Held at its head office in Bakau, the training was meant to build the participants’ capacities on Savings, Management and Basic Records Keeping for SMEs.

The YEP mini grant scheme application process and funds disbursement is under the purview of NACCUG.

Delivering the opening remarks on the occasion, the mini grant Officer, Saikou Touray dilated on the purpose of the gathering, stating that is a rare opportunity for the participants to be part of the training.

He also tasked them to make good use of training.

Also speaking, the NACCUG Financial and Admin Manager, Mr Patrick Mendy welcome all the participants to the training and advise them to make best use of the opportunity accorded them.

NACCUG disburses over D1.5M mini grant fund to support youths

The Mini Grants Scheme Officer of the Association National of Cooperative Credit Union of the Gambia (NACCUG), Mr Saikou Touray has said his office has disbursed about one million, five hundred and twenty-two thousand, seven hundred and eighty-one dalasi, eighty bututs (D1, 522, 781. 80) to support the beneficiaries in the country. 

The purpose of the mini grant fund is to enhance employability of youths in the Gambia, create more youth friendly enterprises thus curbing the menace of irregular migration while encouraging youth take leadership roles in the credit union movement.

Since the inception of the Scheme, Mr. Touray said, NACCUG has been entrusted with its management by the Youth Empowerment Project (YEP) to support young Gambians in creating prospective enterprises as well as up-scaling the micro medium, and small scale existing businesses. As at end of April 30^th 2018, 32 young Gambians out of the 234 applications received nationwide has been awarded grants either to start a new business or improve their existing business.

IFAD funded projects linking beneficiaries with rural MFIs

Group Pic: CBG, RFP, Nema/PIWAMP, LHDP, GYIN Gambia

The International Fund for Agricultural Development Project (IFAD) supported projects in The Gambia-Rural Finance Project (RFP), Participatory Integrated Watershed Management Project (PIWAMP)/ National Agricultural Land and Water Management Development Project (Nema) and Livestock and Horticulture Development Project (LHDP) together with Micro-Finance Department Central Bank of The Gambia (CBG) and Global Youth  Innovation Network Gambia chapter (GYIN Gambia chapter) are on a countrywide tour linking Country Programme Approach (CPA) beneficiaries to Micro-Finance Institutions (MFIs) in their respective regions.