MEGA is the go-to agency for small, medium and micro-enterprises (SMMEs) and co-operatives in Mpumalanga, when seeking affordable, customised loan packages. This is because our loan packages are ideal for historically disadvantaged individuals who may not meet the stringent requirements or criteria of commercial lenders.
Believing in the enormous value of finance for starting new ventures or developing already-existing businesses, the team at MEGA applies a unique set of criteria to dispense loans, including the age of client(s) and their ability to afford credit, as per the National Credit Act and Financial Intelligence Centre Act.
The following are Medium Priority Sectors
MEGA is known for making available various types of loan package, including:
|Type of package||Repayment term|
|Seasonal loans||Seasonal repayment terms|
|Livestock loans (poultry, piggery, etc.)||Maximum repayment term of 3-8 years|
|Revolving credit facility||Maximum repayment term of 1 year|
|Bridging loans||Repayment terms based on the duration of the contract period|
|Business loans||Maximum repayment term of 10 years|
|Guarantee||Repayment terms based on the duration of the contract period|
|Equity funding||Repayment terms based on the duration of the contract period|