We have considered the challenges SMEs face and developed the Riversands Thrive Fund™, based on a debt fund that strives to offer easy access to affordable debt finance.
Access to finance and funding readiness have been identified as major inhibitors of growth for SMEs in the South African context. Although there are a number of financial institutions with various products, SMEs have found it difficult to access these funds as they are positioned for established businesses, and do not take into account the challenges SMEs face.
The Riversands Thrive Fund™ is a subsidiary of Riversands I-Hub – a ground-breaking initiative with the ambition to foster inclusive economic growth through the development of small businesses.
Riversands I-Hub offers small business development services and resources for entrepreneurs, all of which stimulate the local economy. Entrepreneurs have access to:
Today our 40,000 square metre campus is home to 150+ businesses, with a growing off-campus ecosystem.
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