Madyibi Legacy PTY LTD
| Business Location: | Rural area - Villages |
| Province | Eastern Cape |
| Branch: | Alfred Nzo |
| Business Start Date: | 2022-03-01 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
The business grows and sells fresh produce like spinach, beans and cabbages to the local community and has agreements with Alitshoni Trading who takes their produce to the market.
Challenges/Needs:
• Lack of access to funds to increase their sheep herd and purchase new Rams, and
• Lack of financial records
Intervention Insights and Results
Intervention Details:
• Application for Funding, and
• Drafting of Financial projections (3 years).
• Drafting of Financial projections (3 years).
Outcome Details:
• Business received funding of R 249 000 through the asset assist programme (AAP);
• Turnover increased from R 165 000 to R 178 000,a 7.8% increase and
• Employment opportunities increased from 1 to 3, a 200% increase in staff members.
• Turnover increased from R 165 000 to R 178 000,a 7.8% increase and
• Employment opportunities increased from 1 to 3, a 200% increase in staff members.
Client Feedback
Client Comments:
“I am grateful for Seda’s Help”
