The Isivande Women’s Fund (IWF) is an exclusive fund that aims to accelerate black economic empowerment by providing more affordable, usable and responsive finance than is currently available. It was originally aimed at women only but opened up now for all black persons in South Africa.

The IWF assists with support services to enhance the success of businesses. It pursues deals involving start-up funding, business expansion, business rehabilitation, franchising and bridging finance.

The fund is managed by the IDF on behalf of the DTI through a development fund manager. IDF Managers is an SME financier aimed at supporting the creation of self-sustaining black and owned businesses in South Africa by providing primarily financial and non-financial support to their investee companies.

Funding Criteria:

To qualify for funding, women enterprises have to meet the following criteria:

  • At least 6 months in operation;

  • Requires early stage, expansions and growth capital;

  • 50% plus one share owned and managed by a black person;

  • Have potential for growth and commercial sustainability; and

  • Improved social impact in the form of job creation.

You are invited to submit your applications if you require funding between the values of R30 000 to R2 million.


At Funding Connection, we understand the complexities of the various funding agencies and the unique application criteria for each. We have assisted numerous entrepreneurs through the application process to access funds like this for business growth, and we can help you with the whole process.

  • If you would like to begin the application process through us, please start by filling out our free assessment.

  • If you have already begun the process and would like to consult with us, or need a business plan review, please click here to contact us.