In commemoration of a decade’s worth of loan funding, and pushing the envelope for black-owned SMMEs within South Africa, Inyosi Empowerment has launched an exclusive business loan funding competition, whereby one black-owned business could win an interest free loan of up to R5 million. This competition is aimed at celebrating the positive impact loan funding can have on the growth of SMME’s and how this in turn spurs on job creation and economic growth in South Africa; much like the domino effect, but more specifically the “Inyosi domino effect.”
As one of South Africa’s most established Enterprise and Supplier Development (ESD) third-party providers, Inyosi Empowerment become an expert in the field of business loan financing, through their well-established specialist funds. These funds have been tailored to provide service offerings for both corporates looking to meet their ESD requirements and black-owned businesses who are looking to take their business to the next level through access to finance, markets and skills.
For Corporates
Through Inyosi’s Supplier and Enterprise Development offerings, they offer a scalable investment solution for South African corporates who are looking to remove the guess work out of finding suitable ESD opportunities while enjoying the highest possible B-BBEE recognition points for their investment. Since its inception in 2012, the Inyosi Empowerment’s Enterprise Development Fund has provided business loan funding in excess of almost R820 million via 200 deals across South Africa. While the Inyosi Enterprise Development ICT fund, a specialised branch of the Inyosi Enterprise Development fund, aims to accelerate the development, sustainability and ultimate financial and operational independence of South African businesses operating within the ICT sector. Thirdly, the Inyosi Supplier Development fund allows for corporates to invest their Supplier Development (SD) spend strategically by investing into a loan portfolio, which will in turn earn them accredited Supplier Development points. Through their SD fund, Inyosi has facilitated over 200 introductions between its beneficiaries and key investors, assisted with the creation of more than 10 000 jobs, and facilitated the provision of over 400 bursaries to black students. To date, over 500 investors have entrusted Inyosi with the management of their ESD investment.
For Black-Owned businesses
This is what some of the empowered Inyosi beneficiaries have to say:
At Inyosi Empowerment, their investment philosophy is to partner with exponentially driven entrepreneurs with high moral ethics and strong business aptitudes, well positioned to make a positive impact on South Africa’s economy – all while encouraging the growth and empowerment of black-owned businesses throughout South Africa.
This competition provides black-owned businesses with the opportunity for growth at no extra cost or the option to refinance high-interest funders which could be hindering the business from moving forward – don’t miss out on the opportunity for your business to stand a chance of winning a R5 million interest free loan.
