GS 7 Trading (Pty) Ltd
| Business Location: | Rural area - Villages |
| Province | Eastern Cape |
| Branch: | Alfred Nzo |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
There is high demand on the market for built-in kitchen units and wardrobes more than any other product. The company plans to introduce more products such as hostel double bunk beds and school desks. With this expansion, the company will create more permanent job opportunities. The company will also be in a position to form a partnership with Ingwe TVET College with regards to providing internship and practical works to candidates from the carpentry and woodwork faculty.
Challenges/Needs:
Challenges facing the company was that they are unable to procure machinery that will enable them to do edging in the factory due to lack of funding as a result they were unable to meet demand from customers.
It was then important that the business gets its own machinery that has capacity to deliver to their customers on time. The intervention was a fundamental step that will assist the business towards the process of attaining access to finance, hence the implementation of intervention of Asset Assist.
Intervention Insights and Results
Intervention Details:
The client was referred to a Business Advisor who, after consultation registered the client and conducted diagnostic assessments on the business. The assessment revealed that the business was very sensitive to either and increase or decrease of sales. One important issue the business had to focus on was to increase the turnover.
As a Business Advisor I assisted the business with access to funding to meet all the requirements of Asset Assist program to improve the sales by getting more clients to the business, as a result they gained more clients that came to the business for printing and branding their items.
As a Business Advisor I assisted the business with access to funding to meet all the requirements of Asset Assist program to improve the sales by getting more clients to the business, as a result they gained more clients that came to the business for printing and branding their items.
Outcome Details:
The business has been successfully as the access to funding was approved to the value of R249 998.50 and acquired the equipment needed.
Through the assistance received, the performance of the business improved the turnover increased by 36.1% from R401 521 to R546 429.
Employment increased from 3 to 4 employees.
Through the assistance received, the performance of the business improved the turnover increased by 36.1% from R401 521 to R546 429.
Employment increased from 3 to 4 employees.
Client Feedback
Client Comments:
We are thankful to Sedfa who assisted us with getting access to funding through Asset Assist which helped us getting new equipment resulting in getting more clients coming through.
