NYDA BUSINESS FUNDING
The qualifying criteria includes:
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| · The applicant must have attained the age of eighteen (18) years at the time of application; | |||||||||
| · Require the grant for business start-up or growth; | |||||||||
| · Are youth (18-35 years) with necessary skills, experience or; with the potential skill appropriate for the enterprise that they conduct or intend to conduct; | |||||||||
| · Are South African citizens and are resident within the borders of South Africa; | |||||||||
| · Are involved in the day-to-day operation and management of the business; | |||||||||
| · Require grant from NYDA of not less than R1, 000.00 and not more than R100, 000.00; | |||||||||
· Require grant from NYDA of not less than R1,000 and not more than R1, 00, 000 within the following thresholds:
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| · Operate either informally or formally; generally recognised as micro enterprises (e.g. street traders, vendors, emerging enterprises); | |||||||||
| · Have a profit motive and are commercially viable and sustainable; | |||||||||
| · Members of entities should comprise 100% South African youth citizen; | |||||||||
| · Business are operating within the borders of South Africa; | |||||||||
| · Individual entity must have bank account and or a young person must be assisted to open an account; and | |||||||||
| · For cooperatives they must have or be willing to form a group of minimum 5 persons. | |||||||||
| Upon approval of grant, if applicant is employed full time, he/she may be required to resign from employment and provide grant officer with proof of resignation; |
So if you are not involved on the day-to-day business operations but you do have a business mind and you are willing to start one, just that you still a student and you meet all those requirements they need. Can you be granted a funding?
ReplyDeleteWith a valid and proper business plan NYDA is always willing to assist young people with their businesses... but first you must have an existing company
DeleteI think what NYDA is doing is very good and many people should apply for that funding as there are no many funding businesses outside there. Let's grab this opportunity and use it wisely. I really appreciate what NYDA is doing, it is very rare.
ReplyDeleteSo if the business is profitably and you are funded by NYDA; is NYDA claim back it's funding or they have a certain percentage in business profit
ReplyDeleteBig ups to the company . It is really trying to limit unemployment.
ReplyDelete