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Presented by: Paula Bester Manager: Finance and Administration

Presented by: Paula Bester Manager: Finance and Administration. The formula for success. Holistic Finance Solutions for the Tourism Industry. www.ikwezifacility.co.za. About the partners. Tourism Enterprise Partnership Originally a Business Trust Project Institutionalised in 2008

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Presented by: Paula Bester Manager: Finance and Administration

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  1. Presented by: Paula Bester Manager: Finance and Administration

  2. The formula for success • Holistic Finance Solutions for the Tourism Industry

  3. www.ikwezifacility.co.za

  4. About the partners • Tourism Enterprise Partnership • Originally a Business Trust Project • Institutionalised in 2008 • Objectives are: • Job Creation through Enterprise Support • Transformation • Sustainability through Market Access • TEP Impact and Sustainability TEP’s vision is to be the premier enterprise development partner for small tourism businesses in South Africa

  5. About the partners • Small Enterprise Finance Agency • Established in April 2012 • Created out of a merger of the South African Micro Apex Fund, Khula Enterprise Finance Ltd and the small business activities of IDC • Objectives are: • Foster the establishment, survival and growth of SMME’s • Products offered include: • Direct Lending • Wholesale Lending • sefa’s vision is to be the leading catalyst for the development of sustainable, survivalist, micro, small and medium enterprises through the provision of finance.

  6. Qualifying CRITERIA • Qualification criteria: • Only registered tourism SMMEs controlled by South African citizens • Only TEP registered clients • Only businesses operations within South Africa • Compliance with generally accepted corporate governance practices • In addition: • The owner must: • Demonstrate ability to repay the loan • Demonstrate potential for job creation • Agree to furnish all relevant monthly reports and updates to TEP • Have completed all relevant application requirements and submitted all supporting documents

  7. ikwezi PRODUCTS: • Bridging finance • Capital finance, including business expansion IMPORTANT INFO: Repayment periods range from three months to five years Interest rates range from prime plus 1.6% to prime plus 3.6% Each application is considered on its own merit Preference is given to black, women, youth and rural owned enterprises Loans range from R10 000 – R5million

  8. Post finance support TEP’s highly successful Intervention and Support Models are available to TEP-registered clients. More information on these products is available on www.tep.co.za

  9. Contact Details: Paula Bester Manager: Finance and Administration Tel: (011) 880 4712 Email: paulab@ikwezifacility.co.za www.ikwezifacility.co.za Visit us at our stand: ICCD04

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