Monabite
| Business Location: | Township |
| Province | Eastern Cape |
| Branch: | Nelson Mandela Bay |
| Business Start Date: | |
| Busniess Type: | cc |
Business Dynamics and Challenges
Business Activities:
Retail & Wholesale (Butchery, Supermarket & Tshisanyama) & Hospitality (Bed and Breakfast
Challenges/Needs:
When Sedfa conducted a diagnostic assessment report, the following challenges were identified:
Monabrite cc t/a Sandile Trading Enterprise approached Sedfa for assistance and explored the possibility of equipping the business with machinery and equipment,however, this goal seemed challenging due to financial constraints and the business lacked financial strength to expand.
Intervention Insights and Results
Intervention Details:
To address the challenges above, Sedfa assisted Monabrite cc t/a Sandile Trading Enterprise with facilitating the Asset Assist Programme (AAP) grant funding application process and submitted all the compliances.
Outcome Details:
The company received grant funding worth R150 945.00 from Asset Assist Programme (AAP) which will increase the impact, strategic performance, financial stability, staff retention that increased from 5 to 6, and trust building, while also potentially reducing administrative burdens.
Client Feedback
Client Comments:
“Thank you Seda for the work you are doing, the platform that you have created, sharing business initiative and all communication related to our business has immensely helped us to feel part of something great”
