Youth invited to apply for small enterprise funding
Small Enterprise Finance Agency (Sefa) encourages young entrepreneurs to access funding in Youth Month
To achieve its goals of empowering young business owners this Youth Month, the Small Enterprise Finance Agency (Sefa) has implemented a finance model that provides access to grants and loans.
Working with the Department of Small Business Development, this funding will assist young entrepreneurs in growing their businesses – much needed during this tough economic climate.
Before the onset of the pandemic, Sefa worked with the Department, as well as the Small Enterprise Development Agency, to establish entrepreneur development programmes like the Small Business Innovation Fund.
Unfortunately, Covid-19 forced Sefa to redirect its resources to Covid-19 relief and economic recovery programmes, targeted at reviving mainly township and rural economies.
The past financial year Sefa funded more than 18 000 youth-owned enterprises to the value of R212-million.
‘We are also working closely with the National Development Agency to improve our offerings, and are using social media to participate in dialogues that allow us to create tailored programmes for start-ups,’ said Sefa’s CEO Mxolisi Dalukhanyo Matshamba.
On Tuesday, 22 June Sefa is hosting a webinar to explain how young entrepreneurs can access the newly-available funding.
Email marys@sefa.org.za to register and receive the webinar link.
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