Refentse Beauty Boutique
| Business Location: | Township |
| Province | Limpopo |
| Branch: | Mopani |
| Business Start Date: | 2024-03-01 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Personal care services – Nails and Makeup
Challenges/Needs:
When the client visited SEDFA, she had heard from a friend about their products and services, and was faced with the following challenges:
• The business had the potential to grow and expand but didn't have the capital or resources to do so.
• The director needed funding but lacked the skill and knowledge on how to access funding opportunities.
Intervention Insights and Results
Intervention Details:
An assessment of the business was conducted, and the following recommendations were made and implemented:
• The client was assisted in applying for available funding opportunities through business development services, NYDA and SEDFA.
• The client was assisted with capacity building training (Financial management and EMPRETEC)
• Market facilitation through local pop -up market.
• The client was assisted in applying for available funding opportunities through business development services, NYDA and SEDFA.
• The client was assisted with capacity building training (Financial management and EMPRETEC)
• Market facilitation through local pop -up market.
Outcome Details:
The following outcomes were a result of the interventions that were implemented:
• The business has now expanded and have opened a branch and now operating from two locations, which are Manningburg Ext 05, Ga-Kgapane and Dan, Nkowankowa.
• The business was able to access funding for structure and equipment and offer more services such as hair salon for braiding and styling, hair washing.
• With the elimination of rent, operation costs have decreased which is going to allow more cashflow flexibility for the business.
• The business turnover has increased from R68 178 to R195 178 which is 286%.
• One new employee has been created for the Kgapane branch
• The business has now expanded and have opened a branch and now operating from two locations, which are Manningburg Ext 05, Ga-Kgapane and Dan, Nkowankowa.
• The business was able to access funding for structure and equipment and offer more services such as hair salon for braiding and styling, hair washing.
• With the elimination of rent, operation costs have decreased which is going to allow more cashflow flexibility for the business.
• The business turnover has increased from R68 178 to R195 178 which is 286%.
• One new employee has been created for the Kgapane branch
Client Feedback
Client Comments:
I’m incredibly grateful to SEDFA for the support. I truly don’t think my business would be where it is today without it. Thank you for turning my vision into reality.”
