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- _________________________________________________________________ MSN Photos is the easiest way to share and print your photos: http://photos.msn.com/support/worldwide.aspx ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To unsubscribe/subscribe or view archives of postings, go to the Gambia-L Web interface at: http://maelstrom.stjohns.edu/archives/gambia-l.html To contact the List Management, please send an e-mail to: [log in to unmask] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~