{"id":41157,"date":"2023-08-02T18:05:56","date_gmt":"2023-08-02T18:05:56","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project"},"modified":"2023-08-02T18:56:18","modified_gmt":"2023-08-02T18:56:18","slug":"juba-afdb-un-agencies-launch-youth-financing-facility-project","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project","title":{"rendered":"Juba: AfDB, UN agencies launch youth financing facility project"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>On Tuesday, the African Development Bank (AfDB), the United Nations Development Program (UNDP), and the United Nations Women jointly launched a youth financing facility project aimed at improving the lives of youth and women entrepreneurs in South Sudan.<\/p>\n

The project aims to provide access to a financing facility and interest-free loans for youth and women-led small enterprises (MSEs) and Village Savings and Loans Associations (VSLAs).<\/p>\n

Haji Fauzia Mwita, Country Program Officer for the African Development Bank in South Sudan, explained the purpose of the project during a press conference: \u201cThe project is intended to support youths, including young women and men, to support them with their micro and small and medium enterprises as there is a gap for the young people to have access to capital to start up a business.\u201d<\/p>\n

The project\u2019s goal is to help young people start their own businesses, grow existing ones, or connect them to broader markets. The VSLAs, MSEs, and cooperatives involved will receive technical support to formalize their business ventures, develop business plans, and build sustainable businesses.<\/p>\n

Samuel Doe, the United Nations Development Program (UNDP) Resident Representative in South Sudan, detailed how the project will operate: \u201cWe have strict criteria in selecting businesses. If these businesses are able to pay back the loan, they gradually begin to establish trust between the businesses and the financing institutions.\u201d<\/p>\n

Doe added, \u201cOur idea is to introduce small businesses to the banks at a low 0 interest rate and to take responsibility for the risk. When the risk is limited and that risk is reduced, banks begin to trust you; UNDP and the African Development Bank will step aside and the project will become purely a private sector interaction.\u201d<\/p>\n

Rukaya Mohammed, Deputy Country Representative of UN Women South Sudan, emphasized the positive impact on women’s lives and social cohesion within communities: \u201cThe project will improve the lives of women in society as they will be able to pay school fees, put three decent meals on the table, and improve their business skills. It will also bring social cohesion among people as it will bring individuals from different tribes to work together as a group for the interest of their business.\u201d<\/p>\n

Rukaya shared a success story from the project, saying, \u201cWhen a woman is doing business, she can pay the children\u2019s school fees. She can feed the children three times a day instead of a single meal a day. We have places like Yambio in Western Equatoria State where women said they used to live in a grass-thatched house, but now they have bought roofing sheets.\u201d<\/p>\n

She described how the project is strengthening social cohesion that \u201cthe village savings and loan approach brings people from different tribes that were working independently to now work together. So now there is trust because they have common good to protect, which is their income, their loan, their cash box, they have their common bank account because.\u201d<\/p>\n

The project is not only strengthening social cohesion but also encouraging women to aggregate and work together for common goals. Through effective packaging, labelling, and access to markets, the project aims to help producers sell in bulk and thrive as entrepreneurs.<\/p>\n

\u201cNow even our husbands are friends. They are talking to each other. So this intervention has strengthened social cohesion, and we trust each other. We see each other as one, so we have to work for the common good,\u201d said Rukaya as she shared a testimony from women beneficiaries of the project.<\/p>\n

The project, funded with 10 million U.S. dollars from the African Development Bank, will span three years and is being implemented by the UNDP and UN Women. The financial services provided will support women and youth-led enterprises that meet loan requirements organized in VSLAs, establish MSEs, or form business cooperatives. The beneficiaries will receive interest-free start-up capital ranging from 2,000 to 10,000 US dollars through bank or mobile money platforms.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. On Tuesday, the African Development Bank (AfDB), the United Nations Development Program (UNDP), and the United Nations Women jointly launched a youth financing facility project aimed at improving the lives of youth and women entrepreneurs in South Sudan. The project aims to provide access to a financing facility and interest-free loans for […]<\/p>\n","protected":false},"author":84,"featured_media":41156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,233],"class_list":["post-41157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nJuba: AfDB, UN agencies launch youth financing facility project - South Sudan<\/title>\n<meta name=\"description\" content=\"On Tuesday, the African Development Bank (AfDB), the United Nations Development Program (UNDP), and the United Nations W ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Juba: AfDB, UN agencies launch youth financing facility project\" \/>\n<meta property=\"og:description\" content=\"On Tuesday, the African Development Bank (AfDB), the United Nations Development Program (UNDP), and the United Nations W ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-02T18:05:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-02T18:56:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1690989893.943929.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Juba: AfDB, UN agencies launch youth financing facility project\",\"datePublished\":\"2023-08-02T18:05:56+00:00\",\"dateModified\":\"2023-08-02T18:56:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project\"},\"wordCount\":669,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1690989893.943929.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project\",\"name\":\"Juba: AfDB, UN agencies launch youth financing facility project - South Sudan\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1690989893.943929.jpg\",\"datePublished\":\"2023-08-02T18:05:56+00:00\",\"dateModified\":\"2023-08-02T18:56:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"On Tuesday, the African Development Bank (AfDB), the United Nations Development Program (UNDP), and the United Nations W ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1690989893.943929.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1690989893.943929.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Juba: AfDB, UN agencies launch youth financing facility project\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-sudan\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Juba: AfDB, UN agencies launch youth financing facility project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/\",\"name\":\"South Sudan\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-sudan\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Juba: AfDB, UN agencies launch youth financing facility project - South Sudan","description":"On Tuesday, the African Development Bank (AfDB), the United Nations Development Program (UNDP), and the United Nations W ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project","og_locale":"en_US","og_type":"article","og_title":"Juba: AfDB, UN agencies launch youth financing facility project","og_description":"On Tuesday, the African Development Bank (AfDB), the United Nations Development Program (UNDP), and the United Nations W ...","og_url":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project","og_site_name":"South Sudan","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-08-02T18:05:56+00:00","article_modified_time":"2023-08-02T18:56:18+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1690989893.943929.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Juba: AfDB, UN agencies launch youth financing facility project","datePublished":"2023-08-02T18:05:56+00:00","dateModified":"2023-08-02T18:56:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project"},"wordCount":669,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1690989893.943929.jpg","keywords":["Africa Press","Africa Press-South-Sudan","South-Sudan"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project","url":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project","name":"Juba: AfDB, UN agencies launch youth financing facility project - South Sudan","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1690989893.943929.jpg","datePublished":"2023-08-02T18:05:56+00:00","dateModified":"2023-08-02T18:56:18+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"On Tuesday, the African Development Bank (AfDB), the United Nations Development Program (UNDP), and the United Nations W ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#primaryimage","url":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1690989893.943929.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1690989893.943929.jpg","width":1280,"height":720,"caption":"Juba: AfDB, UN agencies launch youth financing facility project"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/juba-afdb-un-agencies-launch-youth-financing-facility-project#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-sudan\/"},{"@type":"ListItem","position":2,"name":"Juba: AfDB, UN agencies launch youth financing facility project"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-sudan\/#website","url":"https:\/\/www.africa-press.net\/south-sudan\/","name":"South Sudan","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-sudan\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts\/41157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/comments?post=41157"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts\/41157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/media\/41156"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/media?parent=41157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/categories?post=41157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/tags?post=41157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}