Fonds de Garantie de la Diaspora et d'investissement-Invest

What Fonds de Garantie de la Diaspora et d'investissement-Invest does

Fonds de Garantie de la Diaspora et d'investissement-Invest (FONGAD-Invest) is a diaspora-led investment fund vehicle operating as FONGAD-Invest SA, LLC in the United States with operational headquarters in Dakar, Senegal. The organization mobilizes capital from the Senegalese diaspora worldwide to finance small and medium enterprise (PME-PMI) projects in Senegal, prioritizing the agro-industrial sector for food self-sufficiency. Members participate by purchasing investment coupons at $50 each through the company's e-commerce platform (fongadinvest.org), Zelle digital transfers, PayPal, or in-person deposits at Bank of America branches; accumulating $1,000 in coupons grants voting membership in the General Assembly.

FONGAD-Invest's core revenue and capital mechanism is coupon sales, supplemented by a $10 Diaspora Card issuance fee. Funds collected flow through a pivot account into a blocked guarantee account that serves as collateral to raise investment capital for approved projects. The fund maintains a 70/30 project ownership split, retaining 70% for the fund and offering 30% to future project employees via salary-deduction share purchases. Members receive dividend distributions of 25% to 75% of net profits, and the organization claims a 100% guarantee on profitable projects. The technology stack is limited to an SSL-encrypted WooCommerce e-commerce storefront with standard payment integrations; no proprietary technology or AI capabilities are present.

The go-to-market is community-led, relying on diaspora word-of-mouth, social media (Facebook, Twitter, LinkedIn), YouTube video content featuring leadership testimonials, and in-person events. The organization has established investor committees across the USA, Canada, Europe, and Senegal, with regional presidents managing diaspora outreach. There are no disclosed funding rounds, revenue figures, or institutional investors, and the organization operates without patents, regulatory actions, or formal partnerships.

Name

Fonds de Garantie de la Diaspora et d'investissement-Invest

Legal name

FONGAD-Invest SA, LLC

Website

https://fongadinvest.org

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

FONGAD-Invest is a diaspora-led investment fund that mobilizes Senegalese diaspora capital worldwide through $50 investment coupons to finance SME/PMI projects in Senegal, prioritizing the agro-industrial sector for food self-sufficiency and economic development.

Ownership category

akta.pro rank

Product category

Diaspora Investment Guarantee Fund

NAICS

Other Investment Pools and Funds (5259), Other Financial Vehicles (525990)

SIC

Investors, Nec (6799), International Affairs (9721)

akta.pro primary industry

Impact Investment & Development Investment Funds (BPADACAO)

akta.pro secondary industries

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC), SME Term Loans & Growth Capital (FSAKAGAB), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

Keywords

• Diaspora investment fund
• Guarantee fund services
• SME financing
• Agro-industry investment
• Community investment fund

Headquarters

HQ city

Bethesda

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Coupon Sales: Members purchase investment coupons at $50 each. Cumulative purchases of $1000 in coupons grant membership with voting rights in the General Assembly. Funds collected are transferred to a blocked account serving as collateral to raise investment capital for approved projects.
2. Diaspora Card Fees: Physical diaspora card issuance at $10 per card, with fees due each time a card is issued.
3. Dividend Distribution: Members receive dividends based on company profits. Guaranteed minimum distribution of 25% of net profit, with potential increase up to 75% depending on company results. FONGAD-Invest takes 70% of investment coupons in projects while members can purchase remaining 30% from their salaries.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

FONGAD-Invest operates a diaspora investment guarantee fund that sells $50 investment coupons to Senegalese diaspora members worldwide, pooling proceeds in a blocked account to serve as collateral for raising investment capital. The fund targets SME/PMI projects in Senegal, with priority in the agro-industry sector, guaranteeing 100% of profitable projects and distributing 25-75% of net profits back to members.

Product overview

FONGAD-Invest is a diaspora investment guarantee fund that operates as a unified platform for mobilizing savings from the Senegalese diaspora worldwide. The core offering consists of investment coupons ($50 each) that members purchase to build a blocked guarantee fund, which is then used to secure investment financing for approved SME/PMI projects in Senegal, with priority given to the agro-industry sector. Members who accumulate $1,000 in coupons gain voting rights in the General Assembly. The Diaspora Card (associated $10 fee) provides official membership documentation and card-based identity within the organization. The fund guarantees a dividend distribution of 25-75% of net profits to members.

Differentiator

Problem solved

Functional benefit

Products and services

• English Coupon (Investment Coupon) Investment coupon priced at $50 each, purchased by Senegalese diaspora members worldwide to contribute to the FONGAD-Invest guarantee fund. Proceeds are pooled in a blocked account serving as collateral for raising investment capital to finance SME/PMI projects in Senegal, with priority in the agro-industry sector. Members who accumulate $1,000 in coupons (20 coupons) gain voting rights in the General Assembly and become official members with dividend distribution rights.
• Diaspora Card Fee Physical diaspora membership card issued at $10 per card, required each time the card is issued. Provides official membership documentation and identity within the FONGAD-Invest Guarantee and Investment Fund. Cosumers/diaspora members purchasing coupons and accumulating memberships use this card for identification within the organization's structure.

Quantifiable outcome

• 100% project guarantee for profitable investments
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Others

• WorldRemit: Cross-border digital remittance platform serving African diaspora communities. Comparable to FONGAD-Invest's diaspora-financial-services value chain, though WorldRemit focuses on person-to-person transfers while FONGAD-Invest attempts to redirect flows into investment in SMEs.

Broad incumbents

• African Development Bank (AfDB): Pan-African multilateral development bank financing infrastructure, agriculture, and SME development across the continent. Comparable to FONGAD-Invest's African development mandate and agro-industry focus, but operates at vastly larger scale as a continental DFI rather than a diaspora-led fund.
• Proparco: French Development Agency subsidiary focused on private sector development in Africa, Asia, and Latin America, financing SMEs and financial institutions. Comparable as a DFI channeling capital to African SMEs, particularly in Francophone markets where FONGAD-Invest also operates.
• British International Investment (BII, formerly CDC Group): UK development finance institution investing in African and South Asian businesses to support development outcomes. Comparable as a DFI mobilizing capital for African private sector growth, though at much larger scale and across broader geographies than FONGAD-Invest.
• Acumen: Global impact investment fund backing entrepreneurs addressing poverty in Africa and South Asia. Comparable as an impact-first investor channeling capital to African SMEs, though Acumen operates through traditional fund structures rather than diaspora-collected coupons.

Direct peers

• I&P (Investisseurs & Partenaires): Paris-based impact investment firm dedicated to financing African SMEs and start-ups. Directly comparable to FONGAD-Invest as both channel private capital into African small and medium enterprises with a development lens, though I&P operates as a fund manager rather than a diaspora coupon-driven structure.
• GroFin: Impact-focused SME financier operating across Africa and the Middle East, providing growth capital and technical assistance to small businesses. Comparable to FONGAD-Invest in serving the underserved SME segment in emerging African markets, though GroFin uses direct loan facilities rather than diaspora-equity coupons.
• Sahel Capital (Sahel Capital Agribusiness Managers): West Africa-focused impact investment fund manager that finances SMEs in the agro-processing and food value chain. Closely comparable to FONGAD-Invest's agro-industry priority, and both target SME financing in the same West African geography (Nigeria, Ghana, Senegal).

Regional players

• FONSIS (Fonds Souverain d'Investissements Stratégiques du Sénégal): Senegal's sovereign strategic investment fund that invests across sectors to catalyze economic development. Comparable to FONGAD-Invest by geography and Senegalese SME development mandate, but operates as a state-backed vehicle rather than a diaspora community fund.

Emerging players

• Babban Gona: Nigerian impact enterprise financing smallholder agriculture and aggregating farmer cooperatives. Comparable to FONGAD-Invest's agro-industry focus and African SME development mandate, with overlap in deploying capital to underbanked agricultural entrepreneurs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/fongadinvest
• Facebookfacebook.com/Senegaldiaspo
• LinkedInlinkedin.com/company/fongad-invest

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fonds de Garantie de la Diaspora et d'investissement-Invest