Access to Finance

For an entrepreneur starting a business in South Africa, the biggest barrier to entry is funding. Commercial Banks consider start-up businesses to be a high risk. Statistics show that a majority of the start-up businesses will fail in their first year of business.

It is even worse if the business is owned by young people who do not have collateral. Commercial banks and developmental institutions have imposed stringent conditions in granting loans owing to the enactment of the National Credit Act 35 of 2005.
Deliberations between YCCISA, government, the banking sector and private sector are necessary to improve access to finance for youth and to form strategic relationships and partnerships on this matter.

Who Qualifies

YCCISA-FS is a business chamber for young business people between the ages of 18 – 35 who are actively involved in business and wish to participate in the growth of the Free State economy and become job creators.

To join as a member complete the online membership form on our website.
Membership for qualifying youth businesses is free of charge (until further notice).
The membership is renewable each year.

Membership categories:
Formally registered companies (with CIPC);
Informal business traders; and Prospective entrepreneurs. YCCISA-FS members must be Free State based and operating youth businesses.Membership is admitted and entered into the branch members register database of which will be transferred to the Provincial Office Membership Register.To become a member applicants must be willing to adhere, respect and uphold the vision, mission and values of YCCISA-FS and adhere to the Constitution and Code of Conduct.

YCCISA-FS will not be held liable in respect of any claim whatsoever, which may arise from the completion and reliance of the information contained in the submission of membership forms.

Applications for memberships shall be considered by the executive committee which has the sole right to admit or reject applications and to determine the appropriate category of membership.[/paragraph]