Underwriting

The subscription is free and individual. A member may buy several Diaspora Guarantee Fund and Investment (FONGAD-Invest) coupons. Get your $50 voucher on our website (click on Purchase Coupons Investment). You can also buy coupons on-site in the US at your nearest Bank of America office, dropping to the following BoA account number 4460 3973 288 (Name of Beneficiary: FONGAD-Invest SA, LLC). People who purchase over $1,000 in coupons will have the privilege to become members of the General Assembly with a vote.

Payment & Transfer

Our Bank of America account is an open pivot account where funds from the Diaspora are collected and transferred into a blocked account of the Guarantee and Investment Fund of the Diaspora (FONGAD-Invest). It is possible to buy several coupons; this helps to finance projects and increase the economic benefits they provide. A certificate will be awarded to each member confirming its official title of member of the Guarantee and Investment Fund for the Diaspora.

Advantages

Our members will have the advantage of providing a job for themselves or competent affiliates in future projects in Senegal. FONGAD-Invest will take 70% of each project's shares and leave 30% to future employees who will have the option to buy medium or long-term from their monthly salaries. Each member will receive a document on the procedure of the structure. This document mainly states that the funds collected will be permanently blocked in an account and used only as a guarantee to raise investment funds for projects approved by the Board of Directors following the Articles of Association and the internal regulations.