Programme: GEP Microfinance Loan
Organisation: Gauteng Enterprise Propeller
Type of Support
· Access to funding;
· Business development support; and
· Training.
Programme Description
Funds, that range from R10 000 to R250 000 at 8% interest, with a maximum repayment period of 36 months are available. Participants are also offered skills development training and business development support. In certain cases, participants are assisted in acquiring funds from other supporting organisations. In this programme, those requiring more than R24 000 in funding will be charged an initiation fee of R2 500.
Target Market
SMMEs with at least 51% black ownership, as well as being majority black managed
Application Process
Interested people should visit the GEP offices at any of the address given below.
Success Stories
i. Mr Thivash Moodley, founder of TMI Dynamatics, which is in the aerospace sector, received a range of GEP business development support as well as financial support, which is enabling him to complete work on two major contracts that he has received.
ii. Buthina Borona Household Cooperative Ltd from Voslorus manufactures household cleaning products. They received assistance with ISO 9001: 2000 certification for their products as well as the development of a business plan from GEP. They were also assisted in obtaining funds from the Department of Trade and Industry. They have experienced growth due to these interventions.
iii. Nonhlanhla Ngwenya, owner of Nhlanhla African Devine Art Design attended the business training sessions run by GEP, and they sponsored her participation at an exhibition where she showcased her art wares. From this exposure she increased her clientele base, and generated more than $15 000 in sales. She now looks forward to receiving GEP financial support to enable her business to reach the next level in growth.
Contact Details
Head Office
124 Main Street, Johannesburg
Tel 011 085 2001
Fax 086 675 1329
Satellite / Regional Offices
Alexandra Satellite Office
Alexsan Resource Centre
Corner Selbourne Street and 12th Avenue
Alexandra
Telephone 011 882 9672/9674
Fax 011 882 9678
Soweto Satellite Office
Maponya Mall, Thusong Centre
2127 Chris Hani Road,
Soweto
Telephone 011 938 4257
Ekurhuleni Regional Office
Ground Floor, 188 Victoria Street,
Corner Victoria and Spilsbury, Germiston
Telephone 011 821 2870
Fax 011 821 2886
Springs Satellite Office
21 8th Street, Springs
Telephone 011 362 4950
Fax 011 362 5690
Tshwane Regional Office
Block G, 333 Grosvenor Street
Hatfield Gardens
Hatfield
Telephone 012 323 4203
Fax 012 323 4207
Metsweding Satellite Office
Lazarus Building
43 Lanham Street
Bronkhorstspruit
Telephone 013 932 3828
Fax 013 932 3829
West Rand Regional Office
23 Eloff Steet
Krugersdorp 1739
Telephone 011 950 9870
Fax 011 950 9886
Mohlakeng Satellite Office
3521 Ralerata Street, Mohlakeng
Telephone 011 414 1753
Fax 011 692 4683
Sedibeng Regional Office
1st Floor, GEP House
22 Hertz Boulevard
Vanderbijlpark
Telephone 016 910 1200
Fax 016 910 1216
Heidelberg Satellite Office
Library Building
Kismet Street
Shalimer Ridge
Heidelberg
Telephone 016 349 2658
Fax 016 341 6206
The application form can be downloaded from:
http://www.gep.co.za/gep-micro-finance-loan
Organisation: Gauteng Enterprise Propeller
Type of Support
· Access to funding;
· Business development support; and
· Training.
Programme Description
Funds, that range from R10 000 to R250 000 at 8% interest, with a maximum repayment period of 36 months are available. Participants are also offered skills development training and business development support. In certain cases, participants are assisted in acquiring funds from other supporting organisations. In this programme, those requiring more than R24 000 in funding will be charged an initiation fee of R2 500.
Target Market
SMMEs with at least 51% black ownership, as well as being majority black managed
Application Process
Interested people should visit the GEP offices at any of the address given below.
Success Stories
i. Mr Thivash Moodley, founder of TMI Dynamatics, which is in the aerospace sector, received a range of GEP business development support as well as financial support, which is enabling him to complete work on two major contracts that he has received.
ii. Buthina Borona Household Cooperative Ltd from Voslorus manufactures household cleaning products. They received assistance with ISO 9001: 2000 certification for their products as well as the development of a business plan from GEP. They were also assisted in obtaining funds from the Department of Trade and Industry. They have experienced growth due to these interventions.
iii. Nonhlanhla Ngwenya, owner of Nhlanhla African Devine Art Design attended the business training sessions run by GEP, and they sponsored her participation at an exhibition where she showcased her art wares. From this exposure she increased her clientele base, and generated more than $15 000 in sales. She now looks forward to receiving GEP financial support to enable her business to reach the next level in growth.
Contact Details
Head Office
124 Main Street, Johannesburg
Tel 011 085 2001
Fax 086 675 1329
Satellite / Regional Offices
Alexandra Satellite Office
Alexsan Resource Centre
Corner Selbourne Street and 12th Avenue
Alexandra
Telephone 011 882 9672/9674
Fax 011 882 9678
Soweto Satellite Office
Maponya Mall, Thusong Centre
2127 Chris Hani Road,
Soweto
Telephone 011 938 4257
Ekurhuleni Regional Office
Ground Floor, 188 Victoria Street,
Corner Victoria and Spilsbury, Germiston
Telephone 011 821 2870
Fax 011 821 2886
Springs Satellite Office
21 8th Street, Springs
Telephone 011 362 4950
Fax 011 362 5690
Tshwane Regional Office
Block G, 333 Grosvenor Street
Hatfield Gardens
Hatfield
Telephone 012 323 4203
Fax 012 323 4207
Metsweding Satellite Office
Lazarus Building
43 Lanham Street
Bronkhorstspruit
Telephone 013 932 3828
Fax 013 932 3829
West Rand Regional Office
23 Eloff Steet
Krugersdorp 1739
Telephone 011 950 9870
Fax 011 950 9886
Mohlakeng Satellite Office
3521 Ralerata Street, Mohlakeng
Telephone 011 414 1753
Fax 011 692 4683
Sedibeng Regional Office
1st Floor, GEP House
22 Hertz Boulevard
Vanderbijlpark
Telephone 016 910 1200
Fax 016 910 1216
Heidelberg Satellite Office
Library Building
Kismet Street
Shalimer Ridge
Heidelberg
Telephone 016 349 2658
Fax 016 341 6206
The application form can be downloaded from:
http://www.gep.co.za/gep-micro-finance-loan
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