EKASINOMICS: In conversation with The People’s Fund
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GUEST – Luyanda Jafta – CEO of the People’s Fund
The People’s Fund is a purchase order funding company that has over the past 5 years outlaid R350 Million in capital, funded over 2000 businesses, and enabled half a billion in turnover for emerging businesses. SMMEs with purchase orders from corporate and government apply on our platform to get capital to execute these orders.
They crowdfund the capital we use from everyday people. The capital we extend to the entrepreneurs is sourced from everyday people and businesses who have contributed from R100 all the way to R8 million. We believe in universal access to opportunity and are dedicated to empowering those who strive to seize it. Our brand promise is to Change ‘As Is’ - firstly, to change the system that deprives people of the ability to enact upon these opportunities and secondly, to allow people to change this system as they are.
The People’s Fund is a purchase order funding company that has over the past 5 years outlaid R350 Million in capital, funded over 2000 businesses, and enabled half a billion in turnover for emerging businesses. SMMEs with purchase orders from corporate and government apply on our platform to get capital to execute these orders.
They crowdfund the capital we use from everyday people. The capital we extend to the entrepreneurs is sourced from everyday people and businesses who have contributed from R100 all the way to R8 million. We believe in universal access to opportunity and are dedicated to empowering those who strive to seize it. Our brand promise is to Change ‘As Is’ - firstly, to change the system that deprives people of the ability to enact upon these opportunities and secondly, to allow people to change this system as they are.
