Beneficiaries show Sukuma Fund the good in small things
A doctor is able to keep his practice going, while a small-business owner uses relief grant to pivot her business
12 August 2020 - 15:20
Hope can be writ small as much as it can be writ large. This, at least, is the lesson we at the Sukuma Fund have learnt in recent months as we have attempted to assist the many thousands of entrepreneurs who have turned to us to fund them.
Our mission is to use the R1bn available to us to save 30,000 jobs through this crisis and reach 150,000 formal sole proprietors through our blended funding model. Sukuma’s approach is to provide small businesses with soft loans repayable over several years, but only after an initial payment holiday of one year for which no security is required...
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