Creating jobs is the single most important task
to improve living conditions for the many previously
disadvantaged individuals (PDI) in South Africa.
Poverty and crime will significantly be reduced
once people can take care of their basic needs.
Supporting entrepreneurs to start a business or
to help them grow an existing operation is the
most promising route to create new jobs.
ESM Development AG (ESMD) has implemented a structure
in South Africa for the sole purpose of investing
in businesses of previously disadvantaged individuals
and to provide them with the necessary business
services and skills.
In order to qualify for funding, the entrepreneurs
need to meet the following requirements:
-
Have a business plan and the skills and enthusiasm
to execute the plan
-
Unable to obtain loans from traditional finance
institutions because of the location of their
businesses or because they lack collateral |
