One of Mango Fund's core objectives is to provide high quality Technical Assistance to Entrepreneurs. In this regard, Mango Fund is excited to announce that, in June 2016, Memorandums of Understanding (MOUs) were signed with two highly qualified Consultants to offer Technical Assistance (TA) in the areas of Financial Management and Accounting to Mango Fund clients. This is one of many steps by Mango Fund in capacity building of its clients to enable the Entrepreneurs manage their businesses professionally, profitably and with long-term sustainability.
Following the first phase of TA provision, Recipients have already attested that the TA they received has enabled them improve their record keeping systems in their businesses. The Entrepreneurs now practice systematic recording, reporting and analysis of the financial transactions of their businesses by following rules and regulations such as the Generally Accepted Accounting Principles (GAAP). A number of the Businesses are expected to graduate to a computerized Accounting system over a period of one year with the aid of Mango Fund and the TA Consultants.