South Africa
Credit Line
Non-Bank Intermediaries

The Industrial Development Corporation (IDC) is making available R3 billion to provide credit lines to eligible Non-Bank Intermediaries (NBIs).

Mandate of Funding Call

  1. Provide on-lending facilities to NBIs that target Black owned SMMEs (refer to Annexure A for what qualifies as an SMME).
  2. NBIs whose proposals lean towards township based or township-linked or rural based or rural-linked Black-owned SMMEs, will be considered more favourably; and
  3. Further preference will be given to proposals that also show increased exposure to women and youth-owned businesses.

With this funding Call IDC will provide lines of credit to both established and emerging NBIs.

  • Emerging NBIs: 100% Black owned and operated NBIs who have a minimum of 3 years operational track record in funding SMMEs.
  • Established NBIs: NBIs who have a minimum operational track record of 8 years of funding SMMEs. The minimum BEE shareholding of the NBI being 25%. Those with higher BEE shareholding will be more favourably considered

Click here to access the application forms and annexures. 

Click here to submit the application form. 

Full description

Eligibility Criteria

The following eligibility criteria are required to ensure that outputs are maximised and that the goals and objectives of the IDC are met. Successful applications should meet all of the following requirements and terms. If any are not met at the time of application, and the requisite documentation not supplied, the application will be rejected:

  1. NBI must have the minimum operating infrastructure and systems to on-board applicants; loan management systems, as well as credit and risk policy documentation in place; and operational, administrative capacity and reporting capability, to successfully implement the proposed programme. Applicant to submit, along with the application, the background documentation of the on-boarding and loan management system being used, describing in detail the functionality and output. Applicant to submit its on-lending pricing structure/methodology, credit and risk policy documentation, as well as portfolio management policy.
  2. The NBI must be a South African-owned and registered company.
  3. The NBI must be located in South Africa.
  4. The NBI must be appropriately registered and accredited with the relevant authorities to carry out its lending activity (such as National Credit Regulator, FSCA and other relevant regulatory bodies as applicable). Applicants to submit a valid licence or registration certificate.
  5. The NBI should have a proven financially sustainable business model, a developmental mandate, a capacity to support SMMEs, and technical experience in lending and loan book management.
  6. Minimum funding the IDC will offer is R50 million up to a maximum of R250m NB: The final approved value will be dependent on the outcome of a thorough assessment undertaken by the IDC.
  7. Applicants (contracting party) must be solvent and profitable for the last 2 financial years.
  8. Applicants are to submit the latest AUDITED annual financial statements for the last 3 financial years.
  9. The NBI is to submit a list of available pipeline prospects ready to take up at least 50% of the funding request.
  10. At least 50% of IDC funding must be towards IDC’s targeted sectors. Preference will be given to NBIs who target more than 50% (refer to Annexure B for IDC mandated sectors).
  11. The NBI must have the capacity to deploy the funds within 1 year of IDC approval. Initiatives demonstrating realistic/plausible impact in a shorter period will be considered more competitive.
  12. NBIs must have a track record in managing credit lines with repayment terms.
Closing date
Agriculture, forestry and fishing
​Mining and quarrying
​Electricity, gas, steam and air conditioning supply
Water supply; sewerage, waste management and remediation activities
​Wholesale and retail trade; repair of motor vehicles and motorcycles
​Transportation and storage
Accommodation and food service activities
​Information and communication
Financial and insurance activities
​Real estate activities
Professional, scientific and technical activities
Administrative and support service activities
Public administration and defence; compulsory social security
Human health and social work activities
​Arts, entertainment and recreation

Brochures and other documents