Khula Enterprise Finance

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.

Printable Version

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

Desired Finance Amount
< R10 000 No
R10 000 - R100 000 Yes
R100 000 - R1 million Yes
R1 million - R10 million Yes
> R10 million No
BBBEE Status
I qualify as an ED recipient Yes
I qualify as an SED recipient Yes
I do not qualify under BBBEE Yes
Turnover
< R 1million Yes
R1 - 10 million Yes
> R 10 million No
Incorporation
For-profit Yes
Non-profit No
Hybrid Yes
Level of debt able to service
None No
Principle Only No
Below Market No
Market Yes
Above Market No
What type of finance are you looking for
Grants No
Debt Yes
Equity No
Patient Capital No
Organization category (not in front door)
Retail Banks No
Private Equity No
Venture Capital No
Enterprise Development Finance No
DFI Yes
International DFI No
Microfinance No
Corporate Foundations No
Venture Philanthropy No
Other grant-issuers No
SRI Funds No
Impact Investors No
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