Products

The Inyamazane Funding Scheme offers South African military veterans an opportunity to enter the mainstream economy by accessing credit facilities ranging from R50 000 to a maximum of R15-million to build qualifying entrepreneurial enterprises.

The fund was established to address high levels of poverty and unemployment among the veteran community, and to assist them in accessing fundamental social and economic rights.

Small and medium-sized enterprises, including close corporations and companies, and cooperatives with at least 50+ 1% ownership by entrepreneurs with verified military veteran status are eligible to apply for Inyamazane funding.

• Military veterans will be confirmed via the Department of Military Veterans database

• Only applicable to small and medium-sized businesses

• Existing businesses seeking to expand is the preferred funding candidates, but start-ups with merit may also be supported

• Financing applications must have economic merit (financially sustainable and technically feasible)

• The scheme offers military veterans credit facilities ranging from R50 000 up to R15-million

• Preferential fixed interest rate of 9% per annum

• Repayment terms for facilities up to 60 months. The actual loan duration will be subject to the projected cash flows of the business

• Normal sefa loan administration fees will apply

The scheme also offers the following non-financial support:

• Pre-approval assistance (if required)

  • Targeted assistance to bring the application to a bankable stage, including mentoring, technical assistance, sourcing and negotiating with suitable suppliers

To be used for in-depth mentoring and coaching, as well as any other business support required up to two years