Many individuals have the capability and the brains to run a business and take it to unprecedented levels but the one thing that restricts them from realizing this dream is lack of finances. Such is the story everywhere and it prevents a country’s economy from progressing further.

Fortunately for South Africans, their government has realized this barrier and opened up a finance agency by the name of Khula that especially targets entrepreneurs who are in need of funds to convert their ideas to rich realities.

Khula Guaranteed Loans provides an indemnity scheme to small business owners and new entrepreneurs by guaranteeing their loan up to an amount of R3 million. However, the only condition for this to work is that the owner(s) should have invested at least 10% of the total capital amount in liquid or asset form to ensure there is a legitimate stake in the business and both parties are taking the risk.