RECOVERY CREDIT DISPUTE
| Business Location: | Urban |
| Province | KwaZulu-Natal |
| Branch: | King Cetshwayo |
| Business Start Date: | 2019-11-18 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Services – Credit Recovery
Challenges/Needs:
An assessment conducted by Sedfa revealed that the business faced the following challenges:
• Access to finance to procure machinery and equipment for business expansion.
Intervention Insights and Results
Intervention Details:
Facilitation of access to finance through Asset Assist Program.
Outcome Details:
Approval and successful completion of procurement for machinery, equipment and stock which enabled the business to:
• Increased business turnover by 63% from R341,020.00 to R555,873.00.
• Increased business turnover by 63% from R341,020.00 to R555,873.00.
Client Feedback
Client Comments:
“I never knew that taking a leap of faith and applying would benefit my business is so many ways. The intervention assisted us with obtaining the necessary machines and equipment’s required for the business to grow”.
