Business Development provides year-long loans that start at $1,300 and can increase without limit. It currently has clients borrowing $25,000 and more. This program helps clients become part of the formal economy and create jobs in rural areas where there is very little employment.
It is also the perfect program for ti machann who have been in the Solidarity lending program for a long time, who have been increasing and repaying their loan amounts well, and are ready to take responsibility for an individual loan, perhaps in the formal economy. It is in Fonkoze’s Business Development program that you will also find larger loans to rural agricultural cooperatives producing for export.