OUR APPROACH

How it works

Application

Complete online application form and submit all required documents.

STEP 01

Assessment

Application assessment and outcome generation. If successful (yes), we will partner with you and fund 100% of transaction.

STEP 02

Supplier Engagement

Once all the relevant documentation is confirmed and the legal requirements are satisfied we engage with your supplier and facilitate the delivery of goods.

STEP 03

Monitoring & Closure

We will ensure that goods are delivered in scope and on time.

STEP 04

Who Is Eligible?

  • All Small and Medium Enterprises (SME’s) including start-ups who are registered with the CIPC.
  • The SME must have a valid contract or purchase order to supply and deliver goods to a reputable large corporate and/or public sector entity.
  • All primary activities of the business must be operated within South Africa.

Documentation

  • Applicants must have a South African identity document or valid passport and the required permits.
  • Already existing legal entities.
  • CIPC company registration documents.
  • The enterprise must be compliant with the generally accepted legal requirements and practices appropriate to the business legal status and nature of business.
  • Applicants must have a valid contract or purchase order with an offtaker.
  • FICA documents and proof of residence no older than three months.
  • Other relevant documents may be required at the time of review.

Assessment Criteria

Oricred will conduct a comprehensive evaluation of the appeal and compatibility of potential transactional opportunities, taking into account various pertinent factors, including but not limited to:
Financial viability of the purchase order or contract i.e. is it profitable for both parties?
01. Feasibility
Can it be done as per the terms of the contract?
02. SME’s capability
Can the SME deliver on the contract or project, i.e. do they have the required experience or skillset to execute?
03. Funding impact
Potential impact of the funding on the business in the following key areas:
  • Growth and stability of the business
  • The business’ ability to create and sustain jobs
  • Access to market and future business that the current opportunity may lead to (sustainability)
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