Isivande Women's Fund (IWF) | Western Cape Government

Isivande Women's Fund (IWF)

Description:

Female entrepreneurIsivande Women's Fund (IWF) is an exclusive fund that aims to accelerate women's economic empowerment by providing more affordable, usable, and responsive finance than is currently available. The IWF assists with support services to enhance the success of businesses. It pursues deals involving start-up funding, business expansion, business rehabilitation, franchising, and bridging finance.

The Fund is managed by the Industrial Development Corporation (IDC) on behalf of the Department of Trade and Industry (the dti) through a development fund manager.

Identity Development Fund Managers trading as IDF Capital is an SME financier aimed at supporting the creation of self-sustaining black and women-owned businesses in South Africa by providing primarily financial and non-financial support to investee companies.

Funding criteria

The women enterprises have to meet the following criteria:

  • At least 6 months in operation,
  • Requires early stage, expansions and growth capital,
  • 50% Plus 1 share owned and managed by women,
  • Have potential for growth and commercial sustainability, and
  • Improved social impact in the form of job creation.

Eligible business plans requiring funding of R30,000 to R2 million are invited to submit their applications for review by the IDF Managers.

To apply for funding from the Isivande Women’s Fund visit the IDF website  and follow the instructions.

Source: Department of Trade and Industry

Instructions:

Contact Details:

Department of Trade and Industry Customer Contact Centre
Tel: 0861 843 384 or 011 772 7910
Email: contactus@thedti.gov.za

Working hours: Monday – Friday, from 8am to 5pm

Provided by:
Government Body: (The Government of South Africa)
The content on this page was last updated on 18 September 2019