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MICRO-FINANCE

The Micro Finance will apply to the lending activities to clients that require short term liquidity funding up to R250, 000. The Product is targeted at small and micro businesses operating their activities on an economical and sustainable scale.

Products offered under this fund include:

  • Term loans
    • The term loan serves the purpose of financing operational requirements of the project. The maximum term for this product is 36 Months. The funding required is accordingly adjusted to suit the cash flows of the individual business being financed.
  • Revolving facility
    • This loan serves the purpose of financing Micro Finance clients that repeatedly seek funding for different projects of similar nature in different times. This facility also suite projects that require funds to be drawn at various stages of the operation with a fixed cap on the facility. This option provides the client with the advantage of not having to reapply for a new facility each time funds are needed. The maximum term for this product is 12 Months but it can be adjusted to suit the cash flows of the business been financed.
 
 

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Ithala is an Authorised Financial Services and Credit Provider
FSP License No. 17139 NCRCP No. 1559 Reg No. 2001/007427/30
Ithala SOC Limited is a wholly-owned subsidiary of Ithala Development Finance Corporation Limited