Govt to Launch Micro Finance Fund, Richard Mantu
Saturday, May 14, 2005
South Africans who need start-up capital for their small businesses will now have an opportunity to apply for such loans through the Apex Fund.
Trade and Industry Minister Mandisi Mpahlwa is launching the South African Micro-finance Apex Fund (SAMAF) in Rusternburg in North West today.
The launch will take place at Motswedi Village.
The SAMAF is meant to stimulate development of small medium micro enterprises (SMMEs), opening doors to aspiring entrepreneurs who need loans less than R10 000 to start up their own small businesses.
The development and growth of SMMEs in the country, has been identified as one of the key drivers for job creation and empowerment and government’s fight against poverty.
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Source: BuaNews (Tshwane)