How many times have we heard clichés like “get rich or die trying”, “everything has a price” and “money makes the world go round”. Correct me if I’m wrong but we all want to be wealthy if not rich, and we would like nothing less than to have a sustainable source of income. Just the other day I heard on the news that every 4 in 10 South Africans are unemployed; to make things even worse every 1 in 2 South African youth are unemployed. This is just a tip of the iceberg as we also look at the number of people who have lost hope in getting any form of employment.
Entrepreneurship is what the doctor has ordered, economists seem convinced that the only way to dig ourselves out of this pit is by taking initiative otherwise we can watch as poverty prevails. This is one of those easier said than done situations. I mean starting your own business or venturing into entrepreneurship is way harder than looking for a job itself (personal opinion). I dare you to think about it, how many people you know that have attempted to start their own business only to have it collapse a few months if not a year later.
Don’t get me wrong all hope is not lost not by a long shot. Over the past few years we have seen the government take more initiative in its aim to assist develop SMEs(Small and Medium-sized Enterprises). Whether private entities or public organizations funding has proved to be easily accessible than ever before and this can only impact positively on those looking for salvation. CSI(Corporate Social Investment) also insists that businesses operating in specific communities should take the responsibility to give back and make means to assist develop the lives of the inhabitants.
Business Partners is an investment company for small and medium enterprises, the company invests between R250 000 and R15 million in SMEs across all sectors except farming, on-lending and non-profit organizations. For enquiries email them at email@example.com. Commercial banks have specialist SME divisions, providing finance for qualifying entrepreneurs. Visit the banks’ websites to find out about their products and services, and their criteria to obtain finance.
Non-bank Retail Financial Intermediaries are independent organizations or companies, which are lent money by Khula on a wholesale basis to on-lend(lending money you borrowed) to SMEs. Since RFIs are obligated to repay Khula, they use their own lending criteria to on-lend Khula`s funding. However, each RFI has to contribute towards the achievement of Khula`s developmental impact objectives, such as providing funding to SMEs which are black owned, women owned and from rural areas. Khula restricts its RFIs to on-lending a minimum of R10 000 and a maximum of R3 million per SME. For enquiries email them at firstname.lastname@example.org
This is just a preview of the opportunities available to you and your business. Now the rest is for you to get up and do the digging for that treasure as it waits. I am inspired to pursue my dream, let’s be a generation that served a purpose. Until next time I’m The Anointed Verbal Speaker Herself: Miranda on Facebook let’s stay in touch #ladi_jaja?
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By: MIRANDA MPSHANE