Chitezi (PTY) Lts t/a The Eco Laundry
| Business Location: | Urban |
| Province | Eastern Cape |
| Branch: | Nelson Mandela Bay |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Laundry services
Challenges/Needs:
• Absence of a point-of-sale system
• Challenges in securing funding
Intervention Insights and Results
Intervention Details:
• Support was provided to the client to secure a point-of-sale machine.
• The client submitted an application for the Sedfa Asset Assist Grant.
• Business advisory services were offered.
• The client submitted an application for the Sedfa Asset Assist Grant.
• Business advisory services were offered.
Outcome Details:
• The client was supported by implementing a financial management system that enables the business to produce timely, accurate, and verifiable information. This system enhances decision-making processes, facilitates advanced financial reporting, ensures compliance with tax authority requirements, and minimizes uncertainties that could impede critical business decisions.
• Eco Laundry has created seven additional jobs, representing a 175% increase in employment.
• The business achieved a turnover growth of 41.53%, increasing from R1,311,078 to R1,855,625.
• Eco Laundry was recognized as the Entrepreneur of the Year by the Nelson Mandela Bay Business Chamber. The owner, Michiko Mavunga, received various prizes from MTN and Action Coach, including a R100,000 grant for equipment and machinery, sponsored by Standard Bank.
• Eco Laundry has created seven additional jobs, representing a 175% increase in employment.
• The business achieved a turnover growth of 41.53%, increasing from R1,311,078 to R1,855,625.
• Eco Laundry was recognized as the Entrepreneur of the Year by the Nelson Mandela Bay Business Chamber. The owner, Michiko Mavunga, received various prizes from MTN and Action Coach, including a R100,000 grant for equipment and machinery, sponsored by Standard Bank.
Client Feedback
Client Comments:
“My gratitude to Uviwe and her team for their guidance and professionalism as Eco laundry continues to contribute to environmental sustainability of our planet”.
