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Qualifying Criteria
The qualifying criteria includes:
· Are youth 18-35 years
· Youth with skills, experience or; with the potential skill, appropriate for the enterprise that they conduct or intend to conduct.
· Are South African citizens
· Are resident in South Africa;
· Members of entities should comprise 100% south African youth citizen
· Operate business within the borders of South Africa.
· Are adequately involved in the day-to-day operation and management of the business with at least one or more of the members being a fulltime employee of the business, especially the main applicant.
· Have completed life skills training and business management training programmes or related programmes as per recommendation from client(s) assessment.
· Have a business mentor and/or a coach approved by NYDA or must be allocated a business mentor by NYDA post application approval.
· Have relevant qualifications or business and/or technical experience including proven entrepreneurship business experience where applicable.
· Require the grant for a viable business idea.
· Previous NYDA Micro Loan Clients who accessed loans up to a maximum of R50,000 with paid up accounts will be eligible to access grant funding.
· Operate either informally or formally; generally recognized as micro enterprises (e.g. street traders,
vendors, emerging enterprises);
· Have a profit motive and are commercially viable and sustainable;
· Individual entity must have a bank account.
· For cooperatives, they must have or be willing to form a group of minimum 5 persons.
· Upon approval of grant, if applicant is employed full time, he/she may be required to resign from
employment and provide grant officer with proof of resignation;
· Where the entity constitutes more than one member, this will apply to the member with highest shareholding and is operationally involved in the business.
· Require grant from NYDA of not less than R1,000.00 and not more than R200,000.00 (for cooperatives the maximum threshold is R250,000) for individuals and companies and the following thresholds apply:
Thresholds
Type of businesses
Grant amount ranges
Threshold 1
Idea generation and survivalist (start-ups)
R1,000 – R10,000
Threshold 2
Start-ups PTY and cooperatives
R10,001 - R50,000
Threshold 3
Growth stage PTY and cooperatives
R50,001 - R100,000
Threshold 4
Expansion stage PTY and cooperatives
R100,001 – R200,000*
 
*for agriculture and technology related projects the maximum threshold is R250,000.00
N.B: Threshold submissions requirements applies
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