Embed Size (px)
Citation preview
Presented by: Paula Bester
Manager: Finance and
Administration
THE FORMULA FOR SUCCESS
Holistic Finance Solutions for the Tourism Industry
www.ikwezifacility.co.za
ABOUT THE PARTNERS
Tourism Enterprise Partnership
• Originally a Business Trust Project
• Institutionalised in 2008
• Objectives are:Job Creation through Enterprise SupportTransformationSustainability through Market AccessTEP Impact and Sustainability
TEP’s vision is to be the premier enterprise development partner for small tourism businesses in South Africa
ABOUT THE PARTNERSSmall Enterprise Finance Agency• Established in April 2012 • Created out of a merger of the South
African Micro Apex Fund, Khula Enterprise Finance Ltd and the small business activities of IDC
• Objectives are:• Foster the establishment, survival and growth
of SMME’s• Products offered include:
Direct LendingWholesale Lending
sefa’s vision is to be the leading catalyst for the development of sustainable, survivalist, micro, small and medium enterprises through the provision of finance.
QUALIFYING CRITERIA Qualification criteria:
•Only registered tourism SMMEs controlled by South African citizens•Only TEP registered clients•Only businesses operations within South Africa•Compliance with generally accepted corporate governance practices
In addition:
The owner must:•Demonstrate ability to repay the loan•Demonstrate potential for job creation•Agree to furnish all relevant monthly reports and updates to TEP•Have completed all relevant application requirements and submitted all supporting documents
ikwezi PRODUCTS:
• Bridging finance
• Capital finance, including business expansion
IMPORTANT INFO:•Repayment periods range from three months to five years
•Interest rates range from prime plus 1.6% to prime plus 3.6%
•Each application is considered on its own merit
•Preference is given to black, women, youth and rural owned
enterprises
•Loans range from R10 000 – R5million
POST FINANCE SUPPORT
TEP’s highly successful Intervention and Support Models are available to TEP-registered clients.
More information on these products is available on www.tep.co.za
Contact Details:
Paula Bester
Manager: Finance and
Administration
Tel: (011) 880 4712
Email:
www.ikwezifacility.co.za
Visit us
at our stand:
ICCD04
