Development and Economic research has clearly shown that economic development efforts to combat poverty can only succeed if women are part of the solution. Doing so yields a double dividend. When women are economically empowered,they raise healthier, better educated families and by extension their countries are more economically prosperous too. It is for this reason that in South Africa, both public and private sector organisations have spared no effort in creating platforms which empower women.The IDF Managers stands as a prime example in this regard.
Established in 2008 by Identity partners, IDF Managers is an entrepreneurial SME development financier that provides innovative financial and non-financial support services to black owned, women owned and youth owned businesses. We support businesses that demonstrate innovation, commercial viability, scalability and contribute to the country’s socio-economic development and in particular job creation. Funding products include Cash Flow Finance,Term Debt and Ventures.
Cash Flow Finance provides short-term loans with repayment terms running between 7 days to 12 months, the loan size is R50,000 to R1 million, invoice loans are approved in as soon as 1 business day for registered clients, purchase-order loans are approved in 3 business days for registered clients, it comes with prime-linked interest rates, loans are secured by cession of invoice or purchase order and personal sureties are required of directors and shareholders.
Term Debt is expansion capital finance. Loan amounts offered here run from a minimum of R1 million to a maximum of R5 million with repayments of 3 months to 5 years. At least 80% of the loan is amortised over the duration of loan period with a maximum of 30% being residual payment. It comes with prime linked interest rates and have at least 12 months trading history.