Micro Finance
The Micro Finance applies to lending activities to clients that require short-term liquidity funding of up to R500, 000. The product is targeted at small and micro businesses operating their activities on a commercial scale. The product is designed to allow informal and micro-businesses to enter the formalised sector of the economy.
Funding solutions offered under this product include:
- Term loans
- The term loan serves the purpose of financing operational requirements of the business. The funding required is accordingly adjusted to suit the cash flows of the individual business being financed.
- Bridging/Working capital finance
- This product serves the purpose of financing businesses that have secured contracts from the private and/or public sector.