Introduction
Mutualism is a South African platform designed to help entrepreneurs and small business owners in townships access funding. The platform has made a significant impact on South Africa’s SME landscape, with over R10 million invested in SMEs to date.
The organisation’s platform has facilitated over R100 million in deals sourced for funders, contributing to the creation and support of more than 500 jobs. Additionally, Mutualism has shown a strong commitment to township-based businesses, with over 70% of their funded ventures located in these areas.
Entrepreneurs can apply for different types of funding through this platform, such as asset-backed financing, contract financing, invoice discounting financing, and purchase order financing.
Main Features
Mutualism offers four types of financing to help small businesses grow:
Asset Finance
Mutualism uses the asset you’re purchasing to guarantee the loan. This means your personal belongings, such as your house or car, are not at risk if you can’t repay the loan.
Contract Finance
This type of funding is backed by your business contracts rather than personal assets. It helps businesses cover expenses like materials or labour in cases where clients have longer payment terms.
Purchase Order Finance
This allows businesses to access funding using purchase orders as collateral. If the loan isn’t repaid, the lender may claim the purchase orders, not your assets.
Invoice Discounting
This enables businesses to secure funds using unpaid invoices as collateral, rather than relying on physical assets.
Pricing
Mutualism is free to access for all small businesses in South Africa. Since this platform aims to help businesses access financing, businesses don’t need to spend money to apply for funding on the website.
