NEF Women Empowerment Fund

with reduced interest rate

Author

Funding Connection
August 01, 2023

Dear Successful Entrepreneur!

The NEF offers a special fund for women-owned businesses.

Offer:

  • R250 000 up to R10 million for each transaction;

  • The first 6 months will bear no interest;

  • After the first 6 months, the interest rate will be fixed at 1.5% for the remainder of the term;

  • Up to 5 years to repay the loan, and longer for property transactions;

Funding Criteria:

Majority ownership, control and management by black women;

  • Must be registered and recognised under South African law (company, close corporation, co-operative, collective investment scheme, NPO’s and community trusts);

  • Be registered for tax, be in good standing with SARS and have a valid tax clearance certificate;

  • Be involved in primary, secondary and tertiary sectors of the economy (with the exclusion of purely alcohol businesses, purely tobacco businesses, arms and ammunitions and related sectors);

  • Be located in rural areas and/or townships;

  • Sustain and create employment;

  • Have a viable business case, and

  • Be a start-up, or an existing business seeking expansionary or acquisition capital.

Let us help you to get funded!

Reply to this email and Brent will be able to guide you.

To Your Success

Your Funding Connection Team

Landline: +27 (0)31 761 8677 or Cellphone +27 (0)61 542 4037

Headquarters: 2 Old Main Road, Hillcrest Office Park, Hillcrest, KZN 3610

Satellite Offices:

Johannesburg: Infinity Venue, 30 4th Avenue, Northmead, Benoni - only by appointment

Cape Town: Suite 2B, Canal Edge Four, Tyger Waterfront, Carl Cronje Drive - only by appointment

Pretoria: Park Lane West Building 180 Amarand Avenue, Ground floor, Waterkloof Glen Ext, - only by appointm