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MAFISA Programme Overview: Financial Support for Agricultural Enterprises in Gauteng

The MAFISA (Micro Agricultural Finance Institutions of South Africa) Programme aims to provide financial assistance to small agricultural businesses in Gauteng Province. The initiative supports various agricultural production inputs and small farm equipment, offering up to R500,000 at a fixed interest rate of 8%. Target beneficiaries include small landholder farmers, agrarian reform participants, and other rural micro-entrepreneurs. The application process requires documentation such as business plans, tax clearance certificates, and financial statements, ensuring a thorough evaluation and approval process.

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MAFISA Programme Overview: Financial Support for Agricultural Enterprises in Gauteng

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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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