How to Apply for R500 Million Spaza Shop Support Fund for South Africans? – Spaza shop owners in townships and rural areas can now apply for funding of up to R300 000. Priority goes to youth (18–35), women, and people with disabilities.
The Spaza Shop Support Fund, supported by the Department of Small Business Development (dsbd) and the Department of Trade, Industry and Competition (the dtic) aims to help township and rural community convenience stores (spaza shops) through financial and non-financial support.
Also Apply: Call for Proposal – Jobs Fund South Africa Green And Informal Economy Challenge (12th Funding Round)
What Does the R500 Million Spaza Shop Support Fund Offer?
- Funding up to R300 000 – Get up to R80 000 in funding (up to R300 000 for registered businesses) with R40 000 as a grant, and funding above R40 000 to be a blend of grant and debt.
- A blend of 50% grant and 50% as loan for funding above R40 000
- Shop Upgrades
- Business Training
- Stock Purchases
To Be Eligible
Local Procurement
Funding should go towards purchasing of goods and services from accredited local suppliers whose goods and services are compliant with relevant regulatory requirements, especially for setup and operational costs.
Non-eligible expenses
Funding may not be used for non-business-related expenses or personal costs unrelated to business development. Funding may not be used for the sale of alcoholic beverages.
To Register for Spaza Shop Support Fund, kindly click on the link below.
