The Amavulandlela Funding Scheme grant offers an opportunity for South Africans with disabilities to enter the mainstream economy and build qualifying entrepreneurial enterprises. The grant provides credit facilities that range from a minimum of R50 000 to a maximum of R15-million.
We established this fund solely for entrepreneurs with disabilities in response to high levels of poverty and unemployment in this community. The fund helps them access fundamental social and economic rights. Eligible grant applicants include small and medium-sized enterprises, close corporations, companies, and cooperatives. In these entities, entrepreneurs with verified disabilities must own at least 50% plus one percent.
Dream Team Capital focuses on enhanced support for small businesses and cooperatives. We prioritize programmes that advance entrepreneurship amongst people with disabilities. These efforts contribute to job creation and economic growth. With years of industry experience, we develop comprehensive applications and proposals. We help businesses access grant procurement and enter the economic market.
The Amavulandlela Funding Scheme Offers:
- Entrepreneurs with disabilities the standard credit facilities ranging from R50 000 to R15-million, at a preferential fixed interest rate of Prime minus 5% per annum;
- Repayment terms for facilities will be up to 60 months. The actual loan duration will be subject to the projected cash flows of the business; and it is also important to note that
- Normal sefa administration fees will apply.
The scheme also offers the following non-financial support:
- Pre-approval assistance (if required)
- Up to 5% of the local intended investment but not exceeding R75 000;
- Targeted assistance to bring the application to a bankable stage, including mentoring, technical assistance, sourcing and negotiating with suitable suppliers; which
- Will be recovered from the applicant by loan and it will have a moratorium of 3 months after disbursement (if the loan application has been approved).
For more information and assistance on the Amavulandlela Funding Scheme – Contact Dream Team Capital
