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Faced with this critical situation, the Fonds d'Appui à la Création d'Entreprise par les Jeunes (FACEJ) has emerged as an appropriate solution. The fund offers tailor-made financing solutions, personalised support, networking opportunities and the promotion of innovation, helping young entrepreneurs to overcome financial obstacles and develop innovative, sustainable projects. By investing in youth entrepreneurship, Mali is paving the way for a more resilient and inclusive future, enabling every young person to realise their potential and actively contribute to the country's economic and social development. FACEJ is not just creating businesses, it is building Mali's future.
By 30 April 2024, FACEJ had supported 1,941 young entrepreneurs in their business creation or development projects, 38% of whom were headed by women. The total amount of bank loans granted was CHF 11,458,447, with an impressive repayment rate of 88%. These initiatives have created around 9,000 jobs, of which 6,430 have been formalised, demonstrating the significant impact of FACEJ on employment and the local economy.
To achieve real results, FACEJ goes beyond the usual training and funding for micro-enterprises. We have an innovative and comprehensive support system that combines personalized strategies with dynamic networking. Our key initiatives include experienced facilitators who provide expert guidance, a training-action program that combines theory with practical application, and partnerships with commercial banks for financial access. We also offer dedicated access points for resources, attractive financial incentives to encourage growth, a multi-sectoral approach that includes diverse industry insights, and continuous support to ensure lasting success. Join us at FACEJ, where we turn potential into prosperity.