Products

Back

Youth Challenge Fund

Youth Challenge Fund

Eligibility criteria

In line with National Youth Policy, the YCF will be providing support to youth 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 (existing debt)
  • Activities that have already been funded by other government departments or parastatals (double-dipping)
  • 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

Programme Offering & Funding Framework

The following table illustrates the breakdown of the funding support for each channel

How to apply

Visit https://sefa.finfind.co.za/account/login and follow the steps.

Apply now
Programme Offering and Funding Framework

Youth Challenge Fund Brochure (3.524 MB)

Download