There is growing general concern
that a majority of military veterans are destitute in South Africa and are largely excluded from the mainstream society
and have thus been prevented from accessing fundamental social and economic rights.This has resulted in high levels of
poverty and unemployment among this community.
Who can apply?
The scheme is targeted at small and medium-sized enterprises and co-operatives with at least 50 + 1%
ownership by military veteran entrepreneurs.The military veteran status will have to be verified.
companies and co-operatives with at least 50+ 1% ownership by Military Veterans.
Military Veterans will be confirmed by the,
Department of Military Veterans database.
Only applicable to small and medium-sized business
Funding is preferred to
assist businesses to expand,but merituous start-ups can also be supported.
Financing applications must have economic merit
(financially sustainable & technically feasible).
How wil the scheme benefit military veteran entrepreneurs?
The scheme will offer military veteran entrepreneurs the standard credit facilities ranging from R50 000 up to R5 million at a preferential
fixed interest rate of 9% per annum.
Repayment terms for facilities will be up to 60 months.The actual loan duration will be subject
to the projected cash flows of the business.
Normal sefa administration fees will apply.
Additional Customised Benefits
The scheme will also offer the following non-financial support:
Preapproval assistance (only if required)
Will be targeted assistance to bring the application to a bankable stage, including mentoring,
technical assistance, sourcing and negotiating with suitable suppliers.
Post approval assistance (for a maximum amount of up to R350 000)
This will be used for in-depth mentoring and coaching as well as
any other business support required up to 2 years
How to make an application?
To apply follow the below steps
Draft the business plan or proposal
Complete the sefa application form which can be
downloaded from the sefa website at www.sefa.org.za
Submit this business plan together with the completed sefa application form and
supporting documentation to your nearest sefa access point / or email it to the contact details at the back of this pamphlet.
The standard sefa exclusions will still apply in respect of the
manufacturing and selling of ammunition;
tobacco, liquor ,
gambling and sex trade ;
persons under debt review;
un-rehabilitated insolvent shareholders and/or directors of applying entities
primary agriculture (except cash
crops and the applicant must and off take agreement); and