Fonds de Garantie de Djibouti
Djibouti, Djibouti
Public institution that facilitates access to enterprise and housing financing by sharing risk with banks in Djibouti.
2016
Founded
About
The Fonds de Garantie de Djibouti (FOGAD) is a joint-stock company wholly owned by the Djiboutian state. It operates under the Ministry of Economy, Finance and Industry and is supervised by the Central Bank of Djibouti. The institution supports the country's economic and social development. Its core mission is to facilitate access to financing for very small, small and medium enterprises (MTPME/MTPMI) in partnership with financial institutions.
In the housing sector, FOGAD works to improve access to long-term financing for the acquisition of decent housing for populations with low, intermediate or irregular incomes. The mechanism relies on risk sharing with commercial banks to reduce their exposure on social and modest housing loans.
The head office is located on Boulevard Hassan Gouled in Djibouti. FOGAD does not publish a list of specific real estate programs, price ranges or indicative floor areas on its website. Interested individuals and investors may contact the organization directly by phone at +253 21 35 28 74 or by email at [email protected] to learn about available guarantee products and eligibility requirements.