Togo: FAIEJ financed more than 6,000 projects with CFA8.6 billion since 2012

Investments
Tuesday, 02 April 2024 15:04
Togo: FAIEJ financed more than 6,000 projects with CFA8.6 billion since 2012

(Togo First) - The Support Fund for Youth-led Businesses of Togo (FAIEJ) claims to have created 26,309 sustainable jobs from its launch in 2012 to the end of March 2024. Over the same period, the Fund said it loaned out CFA8.63 billion.

The Fund further noted that it financed over 6,000 projects and trained nearly 36,000 people (35,822). Also, it claims to have sensitized around 140,000 young people and recorded almost 24,000 registrations for its activities. 

The FAIEJ aims to help young Togolese develop their entrepreneurial skills, by providing financial and technical support.

In 2023, the FAIEJ mobilized CFA2.68 billion (CFA2,687,905,380) to support 1,852 new youth-led projects. The amount represents 31% of its mobilizations since its inception. 

Ayi Renaud Dossavi

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