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Assistance for micro enterprises

on April 5, 2012 in Events, Startup

Aspiring young entrepreneurs, particularly those in rural and peri-urban areas, can apply for help through the NYDA’s Ithubalentsha Micro Enterprise Programme.

The NYDA (National Youth Development Agency) has identified a number of key obstacles facing young entrepreneurs, including lack of access to finance to start or expand a business, inadequate mentorship and business opportunities and lack of business management and other appropriate skills.

“Ithubalentsha”, meaning “an opportunity for the youth” in isiZulu, aims to address these barriers using a thoroughly-mapped integrated approach that has the following five key pillars: Technical training, entrepreneurship training, micro-enterprise finance (R1000 to R100 000), business mentorship and business opportunities and market linkages.

Rita Zwane, owner of Imbizo Buy & Braai, author and activist for people with disabilities, Nenio Mbazima, and Zibusiso Mkhwanazi, CEO of South African digital marketing agency KrazyBoyz Digital, have already signed on as ambassadors of the programme.

For further details, potential mentors and young people can visit: www.nyda.gov.za, email: ithuba@nyda.gov.za or call: 08600 YOUTH (96884).

(Picture: Deputy Minister of Trade and Industry Thandi Tobias-Poloko at  the Ithubalentsha Micro Enterprise Programme launch)

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5 Responses to Assistance for micro enterprises

  1. Yanga Ngobe July 18, 2012 at 3:51 pm #

    I would like to apply for one of the loans offered by NYDA but am not sure of what is required of me to be eligible. Could you please e-mail me the steps and requirements. It would be deeply appreciated..

    Yanga Ngobe

  2. Heidi July 20, 2012 at 10:27 am #

    Dear Yanga

    Please contact eh NYDA directly on 08600 96884, email ithuba@nyda.gov.za or visit http://www.nyda.gov.za and they willtake you through the process.

    All the best
    Your Business Magazine

  3. Heidi September 5, 2012 at 4:27 pm #

    Hi Samuel

    You need to contact the National Youth Development Agency directly on 08600 96884, email ithuba@nyda.gov.za or visit http://www.nyda.gov.za and they will take you through the process.

    Kind Regards
    Your Business Magazine

  4. Caleb April 18, 2013 at 11:42 pm #

    Hi,I wanna start selling my own branded t-shirts, does the Nyda offer loan in retail sector industry?

  5. Heidi April 25, 2013 at 11:43 am #

    Hi Caleb

    Please contact the NYDA directly with your query. Their number is 0800 52 52 52.

    All the best
    Your Business Magazine

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