While businesses are built on the energy and passion of the entrepreneurs that start them, it is often funding (capital and loans) that allows them to reach their full potential.
Although South Africa boasts one of the best financial systems (e.g. the banking sector) in the world, the reality is that most entrepreneurs in South Africa find it extremely difficult, if not impossible to access the funding (or capital) to get going or expand.
The Legacy Investment Fund was created to provide the critical funding required to get entrepreneurs going and take their businesses to the next level.
The basic philosophy of the legacy fund (and its partners KBN and Beryl holdings) is to make a pool of capital/ funding available to a a group of people (effectively those who have completed the KBN life and business training courses).
While the primary objective of the management of the Legacy Fund is to provide capital in a prudent and commercially viable manner, we have also been given the clear instruction to make funding available and look at entrepreneurs in a different manner to traditional lenders.
A key differentiation between the Legacy Fund and other lenders is the deep understanding we have of potential borrowers or investees given the path KBN and the KBN mentors have walked with those who have completed the History Makers and Movers And Shakers programs.