Local Roots Africa
| Business Location: | Township |
| Province | Gauteng |
| Branch: | Seda Johannesburg Branch |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
The idea is to retail quality local products made by local manufacturers and create jobs 30 over a period of five years. Some of the products manufactured and sold are clothing items, footwear and accessories such as Laptop bags and backpacks.
Challenges/Needs:
• No capital for expansion, majority of the stock was outsourced from a third party.
• Cashflow constraints
Intervention Insights and Results
Intervention Details:
SEDFA business advisor conducted an assessment and established a need to assist with developing a funding proposal and facilitated a funding application for the business.
Outcome Details:
• The business funding application was successfully approved for R 201 099.
• As a result the business managed to sustain three jobs and employ one more permanent staff member.
• As a result the business managed to sustain three jobs and employ one more permanent staff member.
Client Feedback
Client Comments:
Funding unlocked more business opportunities for the business
