Inyosi has facilitated, on behalf of its Enterprise and Supplier Development investors, more than R2 million worth of bursaries to over 400 fortunate bursary recipients since 2018. Inyosi is delighted to announce a further R140,000 worth of bursaries to one of our long-term borrowers, Silulo Ulutho Technologies (Pty) Ltd for the month of June 2022 taking the total bursaries provided since 2018 over a staggering R2 million.
Silulo is a 100% black-owned business within the Information and Communication Technology (ICT) sector. Silulo works towards bridging the digital divide which is present within township and peri-urban areas in the Western and Eastern Cape. Offering a wide range of computer-based services to suit a variety of needs and which are tailored to the communities they serve.
Silulo has been an existing borrower of Inyosi since 2014, when they first approached for loan funding in order to continue the brand expansion throughout the Western and Eastern Cape region. The story of how Silulo came to be, and where they are now is one that is truly inspiring.
Silulo was co-founded by the sibling duo, Luvuyo Rani and Lonwabo Rani in 2004. At the time, Luvuyo worked as a teacher and soon recognized an opportunity with the introduction of technology into school systems. Luvuyo resigned, and he began selling refurbished computers from the boot of his car to the teachers of Khayelitsha, where at the time, the community was quite doubtful and did not believe there was a future in computer technology within the Townships.
Silulo has come a long way since 2004 and has established 42 Silulo branches to date (some owned directly and some are franchises). Of these 42, 17 have been funded by Inyosi. With their continuously growing footprint, Silulo have been able to provide communities with not only ICT services, but training as well. Silulo has provided over 50 000 students with ICT training ranging from basic computer literacy courses to digital skills and business administration. With the provision of bursaries and ICT training, we are able to assist Silulo in ensuring that the digital gap present in township and peri-urban areas are decreasing in size.
We at Inyosi see the world progressively moving towards the implementation of technology, not only for personal use but also for business. We believe in Silulo and their overall mission to create change within these disadvantaged communities by allowing them opportunities to further grow on both personal and professional levels.
It has been incredibly rewarding to provide crucial funding to Silulo to support and sustain Silulo’s vision of introducing ICT services and training into previously marginalized communities. We are also immensely proud of providing more than 400 bursaries worth in excess of R2 million since 2018 to beneficiaries who attended Silulo’s Microsoft accredited training courses.
