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SA To Launch Funding Scheme for Entrepreneurs with Disabilities

By Modupe Gbadeyanka

Minister of Small Business Development, Ms Lindiwe Zulu, will on Friday, 9 December in Welkom, Free State, launch a funding scheme that is aimed at supporting entrepreneurs with disabilities.

The Amavulandlela Fund, which is managed by the department’s agency, Small Enterprise Funding Agency (SEFA), seeks to empower people with disabilities to access business opportunities and to become active participants in the mainstream economy.

Ms Zulu said, “As a caring government, we envisage a society where people with disabilities, like all South Africans, are accorded their full political, human, social and economic rights.”

The Amavulandlela Fund will consist of a R24 million loan funding component and a R6 million business support grant component. The scheme is only applicable to entrepreneurs with physical disabilities, companies and co-operatives with at least 26% ownership by people with disabilities and those that demonstrate operational and management involvement in the business.

“People with disabilities can and should be active players in the mainstream economy. All barriers must be removed to enable them to access all available opportunities. We are determined to strengthen our support for small businesses that are owned and managed by people with disabilities,” she said.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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