Loans helping stimulate business in South Africa

In Port Elizabeth we have entered winter with temperatures plummeting, but our greatest concern is that our water supply is below 30% of capacity, resulting in water restrictions being rigorously applied.

The SA economy is struggling which is fueled by the politics of the land, which in turn has impacted negatively on the GDP. Unemployment is also a major negative factor and this is where Khanyisa Credit plays a part in creating hope for small businesses by granting small loans.

During the past 6 months we have granted 6 loans totalling R41 110 (equal to US$ 3425) and since inception granted 76 loans totalling R553 498 (equal to US$42,422)

One of the loans has been made to Mrs Fezeka Peter (see image), who runs a Tuck Shop at a school in Walmer Township. This has enabled her to double her production of “vetkoek” which is a very sought after commodity at the school.

September 19, 2019 · by  · in Projects, Stories · Tags:

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