Khula is a Government-funded DFI charged with helping small and medium sized enterprises secure finance. It does this through providing security on behalf of small businesses, as well as offering them loans through partner intermediaries.
Person : |
N/A |
Physical Address : |
Main Office: Khula Head Office, the dti Group Campus, 1st Floor, Block G, 77 Meintjes Street, Sunnyside, 0002. Regional offices in each province available on website. |
Postal Address : |
N/A |
Email : |
[email protected] |
Phone : |
0860 054 852 |
Fax : |
0860 110 790 |
Website : |
www.khula.co.za |
Contact Information : |
N/A |
Application Procedure : |
Applicants can apply for credit indemnity when seeking finance from major retail banks (Nedbank, ABSA, Standard Bank and FNB). Direct finance is provided through intermediaries, including Business Partners, Cape Capital and New Business Finance. Finance |
Program 1 : |
Credit Indemnity Scheme (through retail banks) |
Program 2 : |
Direct Loan Financing (through financial intermediaries) |
Program 3 : |
Joint Ventures with Shoprite and other corporations for franchising |
Program 4 : |
N/A |
Program 5 : |
N/A |
Program 6 : |
N/A |
Program 7 : |
N/A |
Financing Amount Detail : |
Credit Indemnity Scheme guarantees loans between R10 000 and R3 million. Direct finance is between R10 000 and R250 000 |
Geography Limits : |
Must be at least 51% South African-owned |
Sector Limits : |
N/A |
Financing Purpose : |
N/A |
Other Eligibility Criteria : |
N/A |
Security Requirements : |
Applicant must contribute some finance towards credit indemnity scheme (between 2.5% and 10%), depending on the size of the guarantee |
Equity Stake Requirements : |
N/A |