SMME SUPPORT

 

Masisizane Fund

We see business finance as a partnership, not just a transaction.
Apply for business funding from R1 million to R20 million.

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businesssolutionsmasisizane

Business finance for entrepreneurs

The Masisizane Fund is dedicated to providing Enterprise Development to small, medium enterprises in South Africa. We accomplish this through Development and Commercial Financing as well as Business Support, targeting our funding towards Black-owned businesses, women, youth, and people with disabilities. This non-profit organization funds SMMEs to establish and grow their businesses, thereby reducing poverty, inequality, and unemployment.

We pride ourselves in walking the journey of success with our clients and partnerships for a better tomorrow. By doing this, we contribute meaningfully towards employment creation, poverty eradication and reduction of inequality, economic growth, and the attraction of investment.

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We offer funding support

We offer finance for small businesses and to entrepreneurs. Funding applications are evaluated on a case-by-case basis to determine whether the project qualifies for development or commercial funding.

The minimum criteria for development finance includes:

• Business operation of less than 3 years
• At least one shareholder 100% operationally involved in the business
• Requires end-to-end business support
• Funding limit of R10 million

The minimum criteria for commercial funding includes:

• Business operations of more than 3 years
• The owner/s or appointed manager with capabilities must be actively involved in the business on a full-time basis
• Requires minimal business support

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What are our qualifying criteria?

Masisizane Fund generally applies the following funding criteria:

• The enterprise must be owned by a majority of 51% black South Africans or naturalised South Africans.
• The main shareholders or business owner(s) must be operationally involved in the day-to-day management of the enterprise.
• The enterprise must have a formalised registered business structure (co-operative, company or close corporation) and comply with all relevant statutory requirements governing that type of entity, company or close corporation.
• The enterprise must have clearly defined marketable products or services.
• There must be a demonstrable commitment by the business owner(s), including financial and/or non-financial contributions.

The enterprise must be a viable enterprise or have the potential to be viable and reflect a clear ability to meet its ongoing commitments, including loan repayments.

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We assist with job creation

One of the aims of the Masisizane Fund is to foster job creation, increase the participation of black-owned entities in the economy, and improve the communities in which the approved SMEs operate in. Here are some statistics to showcase what we have achieved so far:

• Masisizane has supported 400 SMEs across various economic sectors and throughout the country.
• Of these, 65% are women owned, 24% are youth owned, and 2% owned by people living with disabilities.
• R1 billion worth of funds have been deployed since inception
• A staggering 13 000 jobs have been created and retained through investments
• We support 37 386 women-led micro enterprises in rural areas

Statistics are from inception to end June 2024 except for * which is as at October 2024.

SOURCE: Old Mutual

LINK:  https://www.oldmutual.co.za/business/solutions/masisizane/