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Youth Challenge Fund

Youth Challenge Fund

Eligibility criteria

In line with National Youth Policy, the YCF will be providing support to youth start-up businesses/enterprises who meet the following criteria:

  • Are between the age of 18 to 35 years
  • Registered with CIPC and be prepared to register with SARS & UIF
  • 100% South African owned
  • Are adequately involved in the day-to-day operation and management of the business with at least one or more of the members being a full-time employee of the company, especially the majority shareholder or essential personnel/applicant
  • Prepared to participate in Business Development Support and mentorship (pre and post)
  • Commercially viable, sustainable and feasible business idea

Exclusions

The following transactions will NOT be considered:

  • Funding towards a debt owed by the applicant with another lending institution
  • Activities that have already been funded by other government departments or parastatals
  • Government and SOE officials are excluded
  • Fall within the gambling, pyramid sales scheme, loan shark and operates illegal activities etc., as guided by credit policy and grant policies
  • Have a record of fraud and corruption
  • Where the owner/applicant is an un-rehabilitated insolvent

Additional information

  • Funding queries can be directed to YCF Hotline on 012 748 9600 or email: helpline@sefa.org.za
  • Upon receipt of the applications, they will be reviewed and completed applications subjected to due diligence exercises by sefa for consideration
  • Follow-ups will be made with small enterprises whose funding applications are incomplete to submit the outstanding information
  • Small enterprises that require non-financial support are referred to Seda for further handling

How to apply

Click the below link to start the application process.

Apply now