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MAFISA PROGRAMME PRESENTATION

MAFISA PROGRAMME PRESENTATION. Dingi Mguni-Investment Analyst. BACKGROUND. The MAFISA (Micro Agricultural Finance Institutions of South Africa) Programme Gauteng Province All types of agricultural businesses

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MAFISA PROGRAMME PRESENTATION

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  1. MAFISA PROGRAMME PRESENTATION Dingi Mguni-Investment Analyst

  2. BACKGROUND • The MAFISA (Micro Agricultural Finance Institutions of South Africa) Programme • Gauteng Province • All types of agricultural businesses • Financially assist with all agricultural production inputs and small farm equipment • Each individual qualifies for up to a maximum of R500 000 at 8% fixed interest rate • Length of repayment is determined by business cash flows and period of land ownership (Landlord or leased)

  3. PROCEDURE AND PROCESS • Client must have land or processing facility for operation (it could be owned or leased) • Client submit an application form • Following documents should also be attached to the application • Business plan • Company registration documents • Tax clearance certificate • Copies of I.D • 3 year business financial statements if it’s an existing business • Projected cash flow to duration of application • Personal profile/C.V • Farm assessment and soil analysis report • 3 months bank statement

  4. TARGET MARKET • Small landholder farmers • Land and agrarian reform beneficiaries/projects • Small/micro and medium enterprises and rural micro entrepreneurs • Farm workers • Farm tenants • 2nd economy farmers that have difficulty in accessing finance (Un bankable). • Funded projects include contracts, start-ups, growth/expansions and franchises

  5. FUNDED PROJECTS • Start-ups • Growth/expansions • Franchises • Contracts

  6. PROCEDURE AND PROCESS • Due Diligence • Technical Committee • Credit Committee • Approval • Contract • Disbursement (Payment to Supplier not Client)

  7. THANK YOU!! GEP : 011 085 2001 Dingi : 083 446 7522Thabo : 083 446 9543

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