Our lending criteria requires the following:

• Historically Disadvantaged Individuals;
• South Africa citizens and persons with permanent residence in possession of a valid identity document;
• Individuals who are at least 18 years or older;
• Applicants with access to land (leased, communal, usufruct or own) and/or access to production facilities;
• Applicants must be actively involved in the operation and management of business;
• Viable SMMES and co-operatives or entities with good prospects of profitability;
• Applicants with a reasonable credit record;
• Applicant’s ability to repay the loan;
• Applicant must table a minimum financial contribution of 10 % (assets can be considered as financial contribution)
• Businesses must be registered with the Companies and Intellectual Property Commission (CIPC), with the exception of emerging / small-scale farmers;
• Funding shall be biased towards enterprises with a potential to create job opportunities;
• The business entity and its promoter shall not have been put under judicial management;
• Initiation fee (1% of the loan applied for – maximum of R5 000 excluding VAT) is not applicable to co-operatives working under the Comprehensive Rural Development Programme (CRDP).