Programme: iMbewu Fund - Franchise Finance

Organisation: National Empowerment Fund


Type of Support

·         Funding


Programme Description

Franchising Finance is available in the form of a loan for those who wish to acquire a franchise license. The NEF will exit from the investment in seven years. Funding maximum is R10 million


Target Market

Small businesses with at least 50.1% black ownership. They must have been pre approved by the franchisor before approaching the NEF.

 
Application Process

Applicants must download the application form that is available online and submit it to the email that is given.


Success Stories

 i.            Mr N Naidoo of Mat Kat Trading, which trades as News Café Emperors Palace received funding of R8  811 197.34 to enter into the franchise. The restaurant is one of the best in the country under the franchise.


Contact Details

The Company website:

http://www.nefcorp.co.za/

Applications for funding can be sent to: [email protected]


General enquiries can be made on: [email protected]


Head Office

West Block, 187 Rivonia Road, Morningside 2057

Telephone: 11 305 8000

Fax: +27 (11) 305 8001 

Call Centre: 0861 843 633 / 0861 (THE NEF)