Every successful business needs funding to Grow
Why should only formal businesses qualify for loans to fund their growth ambitions?
Informal business owners face unique challenges
01.
Income proof
Every bank and lending institution needs you to provide a payslip or proof of income. As an informal business owner, you are self-employed without a payslip.
02.
Accounting
Most informal business owners don’t have the accounting knowledge to create financial statements or other proof of how well the business is doing.
03.
Networks
As an informal business owner, you generally only interact with the people around you and don’t have access to specialised skills and opportunities.
04.
Mashonistas
With no other option, informal business owners are forced to borrow from illegal lenders at 600% to 1,200% per year
How we support informal businesses
— 01
Group-based loans
We combine the power of social bonds within the community with traditional credit risk management to provide affordable loans to support informal businesses.
— 02
Rent-to-Own equipment
We expand the relationship and trust built through group-based loans to allow small business owners to buy small business equipment items through a rent-to-own model
Xhantela helped me to buy more stock so my business can grow.
I now have more customers than ever.
Sam Mofokeng
About Xhantela
Helping informal businesses grow since 2013
At Xhantela we believe that the future of the South African economy lies in the development of small businesses.
Incredible entrepreneurs can be found anywhere – and South Africa’s informal market has many.
Xhantela has helped many of these micro-entrepreneurs on their journey of growth towards a better future.
Our Impact
Xhantela exists to have a positive impact on people’s lives.
Here is what some of the existing customers say about us.
