Inyamazane Funding Scheme
The Inyamazane Funding Scheme offers South African military veterans an opportunity to enter the mainstream economy by accessing credit facilities ranging from R50 000 to a maximum of R15-million to build qualifying entrepreneurial enterprises.
The fund was established to address high levels of poverty and unemployment among the veteran community, and to assist them in accessing fundamental social and economic rights.
Small and medium-sized enterprises, including close corporations and companies, and cooperatives with at least 50+ 1% ownership by entrepreneurs with verified military veteran status are eligible to apply for Inyamazane funding.
Military veterans will be confirmed via the Department of Military Veterans database
Only applicable to small and medium-sized businesses
Existing businesses seeking to expand is the preferred funding candidates, but start-ups with merit may also be supported
Financing applications must have economic merit (financially sustainable and technically feasible)