Development Finance and Business Support
The mission of the Development Finance and Business Support (DF&BS) to be “the” lead catalytic agent in Development Finance whilst creating sustainable SMMEs through Business Support. DF & BS unit is to assist SMME’s to attain a level of self-sustainability and have a realistic prospect in accessing funding opportunities from the financial sector based on the identified interventions which would be made available during the operational life-cycle from infancy and/or early stage. This is achieved through:
Provision of innovative enterprise development financial services
Leveraging of resources, strategic alliances, investment and partnerships and SMME development to boost an inclusive provincial economy
This strategy approach requires:
Securing the required capital/ funding;
Establishing integrated partnerships with stakeholders to ensure maximum leverage of resources and development outcomes: and
Ensuring future sustainability for the Corporation.
Our Critical Functions are:
Development finance debt instrument (loans/on-lending) offers possibilities to access funding which can provide a wide array of financing mechanisms.
Offering support through mentorship, marketing, market access as well as business and financial management. There are variety of training programmes offered for SMMEs.
These are government incentive programmes administered by the ECDC. These are inclusive Job Stimulus Fund and Imvaba Co-operative Fund.