KPB
| Business Location: | Rural area - Villages |
| Province | Western Cape |
| Branch: | Cape Winelands |
| Business Start Date: | 2022-05-02 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
The business is in the automotive industry focusing on the spray-painting vehicles, installing paint protection film and ceramic coats and waxes.
Challenges/Needs:
• Lack of business guidance and coaching;
• Lack of funding for working capital, and
• Lack of marketing plan and social media expertise.
Intervention Insights and Results
Intervention Details:
• Facilitation of Mentorship and Coaching Programme, and
• Grant funding application through the Informal and Micro Enterprise Development Programme (IMEDP);
• Assistance on funding application through SEFDA Asset Assist programme.
• Grant funding application through the Informal and Micro Enterprise Development Programme (IMEDP);
• Assistance on funding application through SEFDA Asset Assist programme.
Outcome Details:
• Turnover increased from R 215 000 to R 322 500, an increase of 50%;
• NYDA grant funding programme for equipment worth R 50 000;
• Net profit increased from R 38 770 to R 43 900, an increase of 13%, and
• Employment increased from 1 to 6 staff members.
• NYDA grant funding programme for equipment worth R 50 000;
• Net profit increased from R 38 770 to R 43 900, an increase of 13%, and
• Employment increased from 1 to 6 staff members.
Client Feedback
Client Comments:
“SEDFA has been a breath of fresh air and has uplifted my business to greater heights.”
