The Amavulandlela Scheme 2021 is is targeted at small and medium-sized enterprises and co-operatives with at least 50+1% ownership by entrepreneurs with disabilities. The disabilities will have to be verified.
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Who can Apply?
- The entrepreneur will have to be operationally involved in the daily running of the business.
- Funding is preferred to assist businesses to expand, but meritorious start-ups can also be supported.
- Funding is preferred to be used for the fulfilment of orders or contracts
- Financing applications must have economic merit ( financially sustainable &technically feasible)
Benefit:
- The scheme will offer entrepreneurs with disabilities the standard credit facilities ranging from R50 000 up to R 5million at a preferential fixed interest rate of 7% per annum.
- Repayment terms for facilities will be up to 60 months. The actual loan duration will be subject to the projected cash flows of the business.
- Normal sefa administration fees will apply.
Additional Customised Benefits
The scheme will also offer the following non-financial support:
- Preapproval assistance (only if required)
- Will be up to 5% of the local intended investment but not exceeding R75 000
- Will be targeted assistance to bring the application to a bankable stage, including mentoring, technical assistance, sourcing and negotiating with suitable suppliers.
- Will be recovered from the applicant by means of a loan and it shall have a moratorium of 3 months after disbursement (if the loan application has been approved)
Post approval assistance (for a maximum amount of up to R350 000)
- This will be used for in-depth mentoring and coaching as well as any other business support required up to 2 years.
Amavulandlela Scheme 2021 How To Apply:
To apply follow the below steps
- Draft the business plan or proposal
- Complete the sefa application form which can be downloaded from the sefa website at www.sefa.org.za Or download form here
- Submit this business plan together with the completed sefa application form and supporting documentation to your nearest sefa access point / or email it to the contact details at the back of this pamphlet.
Contact sefa:
Client Liaison Centre
Tel: (012) 748 9600 (from 08h30 – 16h30 week days)
E-mail: helpline@sefa.org.za
Web: www.sefa.org.za
Fraud Hotline: 0800 000 663 (Tip-offs Anonymous)
Exclusions
The standard sefa exclusions will still apply in respect of the following businesses:
- labour brokers;
- manufacturing and selling of ammunition;
- tobacco, liquor , gambling and sex trade ;
- non-profit organisations;
- political organisations;
- persons under debt review;
- un-rehabilitated insolvent shareholders and/or directors of applying entities
- primary agriculture (except cash crops and the applicant must and off take agreement); and
- speculative property development
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