Article: The Entrepreneurship Guarantee Fund in Congo (FOGEC) supports and encourages Congolese entrepreneurs
The Entrepreneurship Guarantee Fund in Congo (FOGEC) recently organized a ceremony to hand over checks to the third cohort of funding recipients. This initiative supports Congolese entrepreneurs by providing them with essential financing for their projects. With a total amount of funding of 1.8 million US dollars distributed among 90 projects from 15 provinces, FOGEC plays a key role in the development of entrepreneurship in the Democratic Republic of Congo.
The vision of the President of the Republic, Félix-Antoine Tshisekedi, to create Congolese millionaires is materializing thanks to initiatives such as that of FOGEC. By financially supporting Congolese entrepreneurs, FOGEC contributes to the economic development of the country and promotes the growth of small and medium-sized enterprises as well as start-ups.
The presentation of the checks during the ceremony in Kinshasa marked an important step in achieving this objective. Beneficiary entrepreneurs were congratulated and encouraged to grow their businesses. FOGEC Director General Laurent Munzemba Kombe stressed that the success of these entrepreneurs will determine the future of FOGEC and its continued impact on the Congolese economy. He also spoke of FOGEC’s ambition to fund even more projects in the future, with the aim of reaching US$5 million in funding by the end of the year, for the 26 provinces and with at least 500 beneficiaries.
FOGEC grants loans ranging from 5,000 to 50,000 US dollars, with competitive repayment rates and a repayment term of 3 years. The preferred sectors for funding are agro-industry, agro-pastoral, technology, industry and services. By supporting these key sectors of the Congolese economy, FOGEC contributes to their development and stimulates job creation.
This FOGEC initiative is applauded by many observers and experts in entrepreneurship in the DRC. It represents a unique opportunity for Congolese entrepreneurs to carry out their projects and contribute to the country’s economic growth. The financial support provided by FOGEC opens up new perspectives and encourages innovation and entrepreneurship.
In conclusion, the Entrepreneurship Guarantee Fund in Congo (FOGEC) plays an essential role in the development of entrepreneurship in the Democratic Republic of Congo. By providing financing to Congolese entrepreneurs, FOGEC contributes to the country’s economic development and job creation. This initiative represents a valuable opportunity for Congolese entrepreneurs to carry out their projects and realize their ambitions.. Through initiatives like this, Congo can hope to see many Congolese millionaires emerge and further boost the country’s economic development.
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