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Enablis Financial Corporation (EFC) was created to manage Enablis Entrepreneurial Network’s financial service offering and to provide an ongoing revenue stream to Enablis’ local Non-Profit Organisations. This new innovative social venturing approach calls for all profits to be donated to each country operation, ensuring its long-term sustainability.
EFC is committed to filling the critical financing gap for entrepreneurs in the developing world unable to find risk capital between the micro-credit and venture capital thresholds. By working on the ground with Enablis’ local professional staff, applying a similar approach to community-based microfinance institutions and linking globally with Enablis’ varied partnerships, EFC is able to better understand the unique requirements of entrepreneurs in developing countries and successfully provide them with world-class financing solutions.
Our Funds’ objectives are to foster entrepreneurship, strengthen the SME sector, promote ICTs, open new markets, create jobs and encourage meaningful economic participation, with a focus on supporting business ventures of historically disadvantaged persons in Africa.
Enablis South Africa is proud to offer its member’s access to the Enablis Khula Loan Fund. The Enablis Khula Loan Fund is a ZAR 50 million Fund (USD 5 Million), which provides a 90% loan guarantee exclusively to Enablis members in South Africa through its banking partner First National Bank.
The Enablis Khula Loan Fund allows entrepreneurs with approved viable and sustainable business plans to obtain risk funding under favourable terms. Loan amounts are in the ZAR 100,000 to ZAR 2.5 million (USD 10,000 to 250,000) range. This guarantee is particularly important and relevant where the entrepreneur has no or limited financial resources and is at an early stage or expansion phase.
Enablis’ partners in the Loan Fund include Khula Enterprise Finance and FNB Enterprise Solutions. Investment decisions are made by an Investment Committee composed of nominees of each of the three investors. Loan applications must also be approved by the First National Bank’s credit process.
Enablis’ finance arm in South Africa, Enablis Financial Corporation (Pty) Ltd, acts as the Loan Fund’s manager providing both the financial and technology expertise, in association with FNB, to evaluate each investment proposal.
Enablis South Africa is proud to offer its member’s access to the Khula Enablis SME Acceleration Fund, a ZAR 100 million Fund (USD 10 Million). This innovative fund aims to provide risk capital funding, to entrepreneurs with start-up and early-stage businesses.
Loan amounts are in the ZAR 25,000 to ZAR 1.5 million range (USD 2,500 to 150,000). Funding from this pre-venture capital facility is in the form of either equity and/or debt instruments.
Enablis’ partner in this Loan Fund include Khula Enterprise Finance. Investment decisions are made by an Investment Committee composed of nominees of each of the investors.
Enablis’ finance arm in South Africa, Enablis Financial Corporation (Pty) Ltd, acts as the Loan Fund’s manager providing both the financial and technology expertise, to evaluate each investment proposal.
Enablis East Africa now offers a new loan fund opportunity in collaboration with the Youth Enterprise Development Fund (YEDF), offering critical financing to qualified Enablis entrepreneurs in Kenya who have a vision for wealth and employment creation. In partnering with the Government of Kenya, via the Ministry of Youth Affairs and Sports, the establishment of the Enablis YEDF Loan Fund is to assist in the leveraging and empowerment of young entrepreneurs in Kenya by means of a matching (1:1) loan fund, into which each party (Enablis and YEDF) will contribute up to a total of Kshs. 600 Million (USD 7.5 Million).
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