11 Dec 2020 by Sunday World

Sefa’s blended funding gives a lifeline to start-ups

The Small Enterprise Finance Agency (Sefa) is gearing itself towards supporting start-ups with its blended finance programme that offers a combination of a grant and a loan to small businesses.

Sefa’s blended funding gives a lifeline to start-ups

Sefa CEO Mxolisi Matshamba is well-positioned to fuel economic growth and job creation in SA by offering accessible, affordable development finance in the form of a loan, credit facilities and loan guarantees to SMMEs (small, medium and micro enterprises) and cooperative enterprises.

“In addition to giving a financial lifeline to thousands of small businesses across the country, we are also introducing creative new ways to extend finance. For instance, over this past financial year, Sefa introduced new products such as the blended finance programme and small business innovation fund,” said Matshamba.

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