Company name: Absa
Contact number: + 27 11350 4000
Postal address: PO Box 7757, Johannesburg,2000.
Physical address: 170 Main Street, Johannesburg.
Website address: www.absa.co.za
Established: 1997
About:
The Absa Group Limited (Absa), listed on the JSE Limited, is one of South Africa’s largest financial services groups offering a complete range of banking, assurance and wealth management products and services. Absa’s business is conducted primarily in South Africa. It also has equity holdings in banks in Mozambique and Tanzania and representative offices in Namibia and Nigeria.
Mandate:
Do you have a great idea for a small to medium sized business, but don’t have enough to offer the bank in order to obtain a loan? Want to buy into an existing business, but lack the capital to do so? Absa, in conjunction with Khula Credit Guarantee, can help you achieve your dreams.
Applicant criteria:
- Are looking to start your own small business, expand an existing business or buy into another business
- Lack the sufficient security required to obtain a normal loan or credit
- Have the necessary skills and/or experience in the business area you wish to take advantage of
- Have a well-researched business plan, and would like to be mentored in how to obtain business finance
- Need a minimum loan of R10 000 or a maximum loan of R350 000
- Are a South African citizen and intend to only do business within South Africa
- Are able to put forward a contribution that is at least 2.5% of the loaned amount