Kisby SME fund has initial R250m in "lifesaver" loans - seeking entrepreneurs with dreams of AltVest, CTSE listings

It's been a year and a half since the Kisby SME Fund announced its intention to raise capital that would support high quality South African SMEs hammered by Covid - and in need of low cost loans. Its initial call to action attracted thousands of requests, with 350 companies having been short-listed. Getting the Kisby train rolling took time, but in this podcast co-founder Warren Wheatley tells BizNews.com's Alec Hogg that it has left the station with R250m available to lend. He is dreaming of Kisby growing into a R5bn fund - and expects hesitancy from financial institutions will disappear now that the selection process has started in earnest.