The Masisizane Fund is a non-profit funding entity. The fund is an Old Mutual initiative that was established in 2007. The fund offers development finance and business support. The main objective is to contribute meaningfully to employment creation, poverty eradication and reduction of inequality, economic growth, and the attraction of investment. This is achieved through enterprise finance and support to small, micro and medium enterprises (SMMEs). There are several industries that are being funded by the Masisizane fund, namely:
- Supply chain
- Commercial enterprise
The main focus however will be on agricultural-related products offered by Masisizane which are the following:
- Grain and vegetable crop
- This product offers a revolving production facility (seasonal crops), the term runs from 36 to 60 months and is reviewed seasonally. Prime pricing of -5% to +5% is informed by rate recovery. The risk mitigation has seasonal or cyclical reviews to reduce exposure on every harvest, off-take agreements and crop insurance.
- Livestock (Breeding)
- This offers long term instalment financing, a product life cycle of 30 to 60 months. Prime pricing is -5% to +5% and is informed by the rate of recovery. Risk mitigation is a loan paid within the productive life of the livestock as well as livestock insurance.
- Livestock (Sale stock)
- This is short term secured with working capital. The term is up to 36 months and is reviewed annually. The prime pricing is -5% to +5% and is informed by the rate of recovery. Risk mitigation is off take-agreements and loans repaid within each cycle.
- Implements and equipment
- This offers instalment financing, a term of 60 months of the productive life of the equipment. Prime pricing is -5% to +5% and is informed by the rate of recovery. Risk mitigation is asset insurance.
|Location||Physical address||Contact number|
|Head Office||4th Floor Sandown Mews
88 Stella Street
|Tel: 011 779 9400|
Alternatively you can visit: www.oldmutual.com