Isivande Women's Fund (IWF)
Isivande 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 targets formally registered, 60% women-owned and/or managed enterprises that have been in existence and operating for two or more years with a loan range of R30 000 to R2 million.
To improve the lives of Women in business and Women led households in South Africa and the eradication of poverty.
To become a leading catalyst for improving and expanding access to finance to women entrepreneurs directly by lending and investing in women enterprises with limited access and generating income which will improve their living standards.
The main client is a formally registered, 60% women owned and/or managed enterprise that have been in existence for two or more years.
The Fund will specifically target:
It pursues deals involving:
The fund will specialise in debt financing. Loans will range from R30 000 to R2 million per transaction. Exceptions will be considered by the Investment Committee and subject to approval by the Executive Management. The loan repayment period will be a maximum of five years. Eligibility conditions for loans will include the following:
Source: Department of Trade and Industry
|Government Body:||(The Government of South Africa)|