The Fund’s focus is on enterprises that are 51% or more owned by previously disadvantaged individual(s) giving priority to rural and peri-urban/township areas. Masisizane gives preference to businesses that are owned by youth, people with disabilities or are owned by (51% or more) women and targets productive and labour absorbing sectors. The Fund’s success is driven by a focused approach on high impact industry sectors, coupled with a comprehensive SMME finance solution that includes business support. The Fund provides loan finance in the following sectors: Agro-processing Franchising Supply Chain/Manufacturing
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The Fund provides non-financial value adding post investment services including capacity development, business management and technical support, financial education, market development and product/service quality standards and compliance. A Business Accelerator Program has been established where potential clients receive targeted skills training and support to grow into a business eligible to receive financial support.
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Submit the following documents for an initial screening by the relevant provincial office: Comprehensive business plan with market analysis and projections; For established businesses – past financials (preferably 3 years) and latest management accounts; For start-up businesses – financial projections; Tax clearance certificate; Off take agreements and/or letters of intent; Signed consent for a credit check.
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Contact details:
Gauteng, North West and Free State – 011 217 1746 Western and Northern Cape – 021 509 5074 KwaZulu-Natal – 031 335 0402 Eastern Cape – 043 748 2125 Limpopo and Mpumalanga – 015 295 9741
APPLY FOR FUNDING IN: Supply Chain / Manufacturing, Franchising & Agro-processing visit www.masisizane.co.za
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The Masisizane Fund (NPC) is an initiative of Old Mutual South Africa, established in 2007 following the closure of the Unclaimed Shares Trust. The mandate of the Fund is to contribute meaningfully to employment creation, poverty eradication and reduction of inequality, economic growth and the attraction of investment. This is achieved through the promotion of entrepreneurship, enterprise finance and support to small, micro and medium enterprises.
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