We support tested enterprise methods with relatively low failure rates where high economic and social transformation is created. We have a strong bias towards women and youth ownership.
High performing, viable commercial enterprises, creating employment opportunities in rural, township and peri-urban with women, youth and ownership by people with disabilities will receive preference.
Support
Non-financial value adding services includes:
- Capacity Development: business management and technical support.
- Financial Education
- Market Development
- Product/Service quality standards and compliance
A business must show financial feasibility and the ability to repay a loan.
Do you qualify for funding?
The following general criteria must be adhered to, with a bias to women, youth and people with disabilities:
- The investee must be an SMME (as defined in the National Small Business Act)
- Business owners must be involved in the business operations and management of the company
- The enterprise must have a formalised registered business structure (sole proprietorship, co-operative, company, closed corporation, or trust)
- Comply with all the statutory requirements governing the type of entity
- The enterprise must have a clearly defined marketable product or service
- The enterprise must create or retain jobs on a sustainable basis
- Masisizane will not finance business owners that have declared bankruptcy in other ventures
- Masisizane will not finance businesses that would cause damage to the environment, engage in exploitative labour practices, or cruelty to animals
- Financing must be in compliance with the National Credit Act, Masisizane’s loan policies & procedures and Old Mutual Finance Credit policies.
These industry sectors will not be considered for funding:
- Gambling
- tobacco
- alcoholic beverages
- sex trade enterprises
- illegal or immoral activities
- businesses that support the military, i.e. war and related activities
What you need in order to apply
The following documentation is what you will need as part of the application process:
- Loan Application Form
- Company Profile and Business Plan
- Certified copy of Company Registration
- Certified copy of Company Bank Statements
- Curriculum Vitae of all members
- Certified copies of educational or skills development certificates
- Certifiied copies of any membership certificates
- Statement of Assets and Liabilities
- Audited financial statements
- Personal Information form of both spouses if married in Community of Property
- FICA verification documents of both clients and suppliers
- Quotations
- Order of tender documents
- Photos of enterprise
- Motivation letter
- Market analysis in the motivation letter
Masisizane Application Form
Source: http://dogreatthings.co.za/masisizane
Old Mutual (Owner)
