One of the most difficult barriers to entry for impoverished communities and small businesses is access to funding for their entities; including legal requirements before, during and after the incorporation of their social enterprises. LUTEJ offers the following services to each low-income entrepreneur to address this lacuna in the market:
Professional preparation of all legal, contractual and financial requirements to initiate a social enterprise.
Prepare a portfolio for each low-cost entrepreneur to qualify for a seed capital for their social enterprise.
Registration of their social enterprises.
Tax registration.
Facilitation of application for funding.
Management support by the SED.
Suretyship for the seed capital by the SED.
Facilitating the opening of a Business Bank Account.