MME RE KA THUSA TRUST FUND (MRKTF) was established by the Northern Cape Government, to assist historically disadvantaged women owned businesses to expand
To be financially sustainable Trust, with a specialized focus on promoting economic prosperity and self-reliance in women entrepreneurs of the Northern Cape by: being responsive, supportive, to their special economic needs, offering the bridging financial services and capacity building.
TYPES OF LOANS
Bridging finance/Working capital loan - this is short term loan that is provided to an enterprise to finance working capital needs such as to purchase stock or for operating overhead. It is provided to an enterprise that has secured firm contract or Order as it allows the enterprise to meet current obligations by providing immediate cash flow
Business start-up finance- this type of loan is provided to women who have viable business idea. The purpose of the loan is to assist them actualise the business idea for their economic benefit. In this case, proper business plan with detailed market research and financial projections must be presented by the loan applicant.
Business expansion finance – this relates to loan advanced to an existing business that wants to expand its operations. A crucial requirement is the financial statements of the business as well as the business plan and a detailed budget break down of the loan amount required for expansion.
Business asset finance – this is a type of loan advanced to an existing enterprise to enable it to acquire an asset to improve operational effectiveness and efficiency, thereby increasing profitability of the business.
