We will support you by providing emergency operating and working capital, and assisting you in surviving the COVID-19 related economic crisis.
Concerned Jewish philanthropists, led by the Donald Gordon Foundation, have united to establish the Fund to provide last resort, flexible term, interest free loans to appropriate Jewish owned SMMEs in South Africa. The Chief Rabbi has lent considerable efforts to support and establish the Fund.
The Fund is a new, independent entity, but will draw on the operational and administrative infrastructure and expertise of the Johannesburg Chevra Kadisha in order to effectively assist majority Jewish owned businesses across South Africa as quickly as possible.
The Fund will endeavour to safeguard businesses, protect all stakeholders and preserve jobs while enhancing the stability of the Jewish community during this challenging period.
Any South African Jewish majority-owned SMMEs will be eligible to apply for a loan.
The Fund will lend to intrinsically healthy SMMEs (including micro-enterprises and professionals) which were sustainable going concerns prior to the crisis, and where the funds will contribute significantly to the ongoing sustainability of the business.
The Fund will be available as a last resort lender for applicants who have considered and pursued all other options. For this reason, you will only be eligible if you have applied to the government-backed bank loan scheme for SMEs (unless you do not qualify for the scheme). The scheme is offered by all the major banks and application should be made through your existing banker.
Priority will be given to those businesses where the community impact is likely to be most effective and where it is likely to benefit the maximum numbers of stakeholders, particularly employees. Recipients must be registered for tax and regulatory compliant and must not be engaged in the weapons, gambling, sex or narcotics industries and not linked to any politically exposed persons.
The business must have been operating viably for at least the last 12 consecutive months and have been adequately capitalised prior to the crisis to maintain their operations.
Loans will range from R50 000 to R750 000 interest free for a business or group of businesses.
The loan term is anticipated between 12 and 30 months, depending on circumstances and nature of loan. (Repayment of a working capital bridge might be required in a shorter period.)
Loans will have recourse to the borrower.
The loan is a last resort loan, only intended to fund sustainable business operations with short term operating and working capital, which will include employee salaries and wages during the COVID-19 economic crisis.
Loan funds are not available for:
The Fund is being managed by a highly regarded team of experienced business people involved in various industries across South Africa, who care deeply about South Africa and the Jewish community’s future stability and growth. All applications will be dealt with in the strictest confidence.
Please note that the Gesher Fund is currently not taking new applications. Please email firstname.lastname@example.org for further information
Gesher Small Business Relief Fund NPC (Reg No. 2020/210207/08) is a Non Profit Company
operating as a deemed PBO in terms of the Disaster Management Tax Relief Bill.
Gesher is governed by an independent Board of Directors, comprising of:
CEO, Westbrooke Group, Chevrah Kadisha Board of Governors Representative
Partner, Family Partners LLP, Funder Representative
Director Nandos Group Holdings and Paycorp Investments and previous Director Brimstone, Sea Harvest and
Life Health Care Group, Chevrah Kadisha Board of Governors Representative
Founder and Chairman of the Peregrine Group and Chairman of Stenham Limited, Chevrah Kadisha Board of Governors Representative
Chairman, Bradbury Finance, Cape Town Jewish Community Representative
Business Development Director, Rand Merchant Bank
The Foschini Group, Cape Town Jewish Community Representative
Marco Van Embden
Founder and CEO, Timeless Africa Safaris, Cape Town Jewish Community Representative
Consultant, Previous Director of Peregrine Holdings, Rambam Trust Representative
Please note that the Gesher Fund is currently not taking new applications. Please email email@example.com for further information.