Senegal distributes over $100,000 to support entrepreneurs
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Abdoulaye Niane, Delegate General of DER/FJ, visited Matam, Senegal, and distributed over 65.5 million FCFA (approximately $107,000 USD) to 675 people.
Niane travelled across Senegal to raise awareness of DER/FJ financing options and enroll citizens in programs like BE YES and Nano Crédit. The ceremony in Matam included local and regional authorities and representatives from economic, community, religious, and cultural groups.
Niane encouraged young people and women to take advantage of the available financial programs, highlighting low interest rates, reduced collateral requirements, and support for formalizing businesses. He specifically launched the “One ASC, One Project” initiative to create economic opportunities for young people through sports and cultural associations (ASC). During the Matam visit, DER/FJ enrolled 27 groups and provided funding to the 675 beneficiaries.
Niane urged participants to manage funds responsibly and make timely repayments to ensure the program’s long-term success, believing that strong financial habits will allow businesses to expand.
