By Khulile Thwala
Eswatini Development Finance Corporation (FINCORP) says it is fully committed to unlocking the potential of the country’s youth.
FINCORP’s Group Managing Director Dumisani Msibi has highlighted how the foundational basis of their long-term relationship with Junior Achievement spans over 12 years to date.
This was during FINCORP’s Youth Business Shower Launch on May 2. He said they had been working with Junior Achievement (JA) to support the empowerment of youth with practical entrepreneurial skills, sound financial literacy, and innovation.
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In addition, they are currently very active in the Junior Achievement Eswatini (JA) Angel Network Investor programme, aimed at coordinating equity support for young entrepreneurs.
One other avenue through which young people can access credit is the small-scale enterprise loan guarantee scheme housed at the Central Bank of Eswatini but accessed through financial institutions and FINCORP is one of them.
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He said everyone ought to know that this guarantee scheme is powered by the Government of Eswatini to make funding for the youth easier.
“As from April 2022 at FINCORP we have commissioned a digital transformation strategy aimed at deepening our mandate of providing access to credit; creating jobs and eradicating poverty which should be even more exciting for the technology-savvy youth of this country,” he said in addition.
