MZCB Bank will partner with SMES to ensure that small business funding online get the support they need to thrive. Many of small businesses create revenue less than (two hundred thousand rand) R200,000 annually and mostly employ between three to five workers.
The bank is aware that the SMME’s have a major to role to play in creating jobs. These small businesses have no access to funding at any of our traditional banks.
More than 60% of these businesses use their own or family funds to start the business. Hence we acknowledge that SMME’s can make a difference in our communities and our values of fairness, equality and social responsibility will always prioritize the needs of our SMMEs. Provided we will give small businesses free access to a range of comprehensive online resources created by our experts in the co-operative businesses and specifically designed for SMEs and ethically minded businesses.