FREQUENTLY ASKED QUESTIONS
1. Does Mintirho Foundation offer a grant or loan?
• The Foundation offers grants/ loans and equity for the expansion of agri-businesses (crops/ fruit/mechanization and agro-processing).
• The maximum grant the foundation can offer is R 5 Million and the maximum loan afforded is 40 Million per transaction.
• The application submitted, inclusive of financial projections, skills assessment and a myriad of factors that the foundation considers, determine the nature of funding to be granted.
2. We understand that the Mintirho Foundation takes stake in the business, what does that imply?
• Equity Stake can indicate an ownership interest in a business, where Mintirho Foundation will acquire stake into the prospective beneficiary business. This is usually done in a case of technically intensive operations with huge capital injections (i.e., berries/macadamia/apples/grapes/etc.)
• In this instance when the Foundation acquires a percentage into the business, it gives board rights to a Mintirho Foundation appointed trustee to be able to make decisions also in the running of business to ensure sustainability and to protect capital investment.
3. Does it matter to the Minthirho Foundation the size of the farm or land to be utilised?
• The size of the land does not matter as there can be applications for crops that are grown under protection or field crops. What is significant to the Foundation is the security of land tenure.
4. Does Mintirho Foundation fund established businesses only or even if you have a piece of family land but you haven’t used it because you don’t have funds?
• The premise for the establishment of Mintirho Foundation is to promote the development of historically disadvantaged farmers and small suppliers of inputs in the CCBSA value chain through the funding of sustainable businesses.
• The family farms are not excluded from registering at CIPRO either as Closed Corporations or PTYs.
5. Is there any age limit to access funding from the Minthirho Foundation?
• There is no age restrictions to access funding from Mintirho Foundation.
• A defined succession and skills transfer plan is encouraged to ensure continuity and sustainability of the business.