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  1. 19-Dec-09, 11:42 AM #1
    Chippie
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    Question NEED HELP!!!

    My partner and I have just gotten out of Matric and we are looking at opening up a new gym in the area that we live in. The third person in our partnership owns a Hi-Q store. We heard that there were organizations like the Umsobomvu Youth Fund that help entrepreneurs with funding for their ventures. Unfortunately, the organization has been running short of funds and can only fund up to R300 000, whereas my partner and I are looking at getting a loan of up to R4 million. Banks are out of the question, of course because of their strict requirements. However, we are sure that this is a viable venture within our community. We just lack the finance. Can somebody help?
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