Repay 15% of your Business Revolving Loan and you can access it again without reapplying. Union Bank has partnered with select community-based organizations to create a business referral program.These organizations specialize in alternative financing solutions when a business may not qualify for traditional bank financing. Additionally, many of these organizations offer training and events to help you grow your business. Our specialist franchise team is ready to support you with an integrated lending package, based on the specific industry, sector and brand. Get simplified financial solutions for your business, including payments, investments, credit and insurance – all for a lowR65 monthly fee. Standard Bank Group is the largest African bank by assets, operating in 20 African countries and 5 global financial centres.


“Gone are the days when crippling fixed monthly loan repayments were expected from us even when our income was inconsistent or unpredictable,” says Standard Bank. According to McKinsey, the lifeblood of South Africa’s economy is SMEs that make up over 98% of businesses across the country and contribute 39% of the country’s GDP. This acquisition will enable TymeBank to expand its offering to entrepreneurs to include working capital finance.

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OneFarm Share, for example, is a digital platform partnership that connects farmers with excess supply to charitable organisations in need of donations to feed the hungry. BizFlex is a flexible business loan which links repayments to income generation patterns. We launched South Africa’s first sustainability-linked loan with Woolworths, and we demonstrated our commitment to digitisation with the co-launch of Blockchain Research Institute Africa. Consequently, financial service use is largely informal and lack of proximity to financial services is the key barrier to inclusion in Malawi.

  • Bank lending to small and medium enterprises in Africa is notoriously low, largely because banks find it difficult to determine the risk profile of business owners with no financial statements, credit history and collateral.
  • Standard Bank Swaziland is the country’s largest bank by capital and assets.
  • Its TradeIX Platform is delivered to banks and their corporate clients via ERP-embedded applications.