NYSS, AGIB launch youth enterprise development fund

By Fatou Touray

AGIB the Banjul-based Arab Gambian Islamic Bank Ltd has announced the
establishment of the NYSS-AGIB youth enterprise development fund with an
initial sum of D250,000.

The fund will be a revolving facility, and will be jointly administered by
NYSS, the National Youth Service Scheme, and AGIB which on Friday launched
the fund at the bank's head office in Banjul.

The NYSS will process all applications for financing and the bank will
disburse to individual applicants on the request of the NYSS.

The facility will be utilised in the acquisition of machinery and tools, as
well as to provide working capital. "This will provide the much-needed
capital for the establishment of youths in gainful and productive
self-employment," AGIB's managing director Mamour Jagne said at the
launching ceremony. He announced that the revolving fund will be increased
if it proves viable, and called on the young people of this country to use
the facility wisely in a partnership with AGIB. "Any individal who performs
well will graduate from this fund to participate in the bank's general
investment pool on his or her own right as a customer," Jagne revealed.




There is a time in the life of every problem when it is big enough to see,
yet small enough to solve.    -Mike- Levitt-


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