Offering SMMEs affordable funding

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While small, medium, and micro enterprises (SMMEs) face a number of challenges, it is evident that financing is still a major stumbling block for many entrepreneurs and small businesses.

Niall Gahan explains how Business Leadership South Africa (BLSA) and the United States Agency for International Development (USAID), through their Beyond Advocacy Fund (BAF), have partnered with Enterpriseroom on their Township SMME Development programme to create opportunities for SMMEs through affordable funding.

Through BAF, Enterpriseroom’s Township SMME Development programme aims to source finance from different partners to provide a blended financing product to SMMEs that is affordable and focuses on driving growth and sustainability. The programme was initially established in November 2021. Enterpriseroom is currently sourcing SMMEs from underserved and underdeveloped regions.

24 Aug 2022 English South Africa Business · Government

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