Chema Chema Fund Registration Botswana (All you need to know)

Chema Chema Fund, also known as Mokgokolosa, is an initiative launched by the Ministry of Entrepreneurship in Botswana to empower and uplift the informal sector across the country by providing financial support to small businesses and entrepreneurs. This article contains all the important details applicants should know.

Updates
9. Apr 2024
3293 views
Chema Chema Fund Registration Botswana (All you need to know)

registration will be done both physically and online through the Local Enterprise Authority (LEA) website:www.lea.co.bw/chema-chema

registe here: smeregistration.lea.co.bw

Below are alternative sources for submissions for documents while we restore our primary system. 

submit registration documents via:

WhatsApp 3973022

Email: [email protected]

Chema chema fund Eligibility criteria

The following eligibility criteria will apply for the Fund;

  • All citizens aged 18 years and above (with Omang),
  • All new and existing informal sector businesses are eligible,
  • All registered and unregistered legal informal sector businesses are required to provide the following documents;
  •  If registered, a hawker’s license is required, and If unregistered, the applicant may provide either one of the following; affidavit, tribal authority letter (lekwalo la kgosi) membership of the local informal business association, Exemption Certificate and Government department letters or any other legal documentation,
  • For expansion or existing informal sector businesses, verification of the existence of operating structures may be carried out by CEDA where necessary,
  • Applicant should not be formally and permanently employed either in Government, State Owned Enterprises or private sector or if employed, must be earning below the taxable income bracket, (P48 000 per annum-2024)
  • If a pre-existing company, its annual taxable income must be below P50 000 and its annual gross turnover should not exceed P200 000, Participation in recommended capacity-building programs is mandatory.
  • Applicants shall register with the  Local  Enterprise  Authority before the loan application process. This registration will be integrated into the  CEDA loan management process.
  • Post-funding, Chema Chema beneficiaries shall remain clients of LEA for the entire duration of the loan

Registration documents checklist

Below are the documents required to complete the LEA registration process.

  • Valid National Identification Card (Omang)
  • Original document proving the existence of an informal business (Relevant license, government department letters, or any other applicable legal document.)
  • For those without licenses listed at 2 above, complete a relevant document as follows (downloadable from LEA website and social media):
  1. Tribal Authority/Kgosi letter (English & Setswana version)
  2. Affidavit for an unregistered business (English & Setswana version)
  3. Affidavit for a business idea (English and Setswana version)
  • Original Disability certificate/document (if applicable)
  • Original business-related training certificates (from 2021 to date)
  • For formal SMMES, CIPA and BURS registration details are required.

Note: For self-registrations, the documents will need to be scanned to PDF (5MB for each document) and uploaded as and when prompted during the self-registration process.

its important to read carefully the Chema Chema fund guideline book available through the lea website, so that you can be familiar with the application deadline and the funding terms and conditions.

Local Enterprise Authority

Tel: 364 4000

E-Mail: [email protected]

Link: lea.co.bw

WhatsApp: 397 3022

Toll Free: 0800 155 155

Comments

No comments has been added on this post

Add new comment

You must be logged in to add new comment. Log in
Im Ibrahim a multifaceted individual with a passion for cars, SEO, and marketing. Ibrahim is an Expert in the Automotive sector.
Cars, Marketing, SEO
Categories
Toyota
Find all information including price, information and news about Toyota cars
guides
car guides
Updates
Resources
You will find downloadable resources in this category, Mostly PDFs
Questions
Get quick answers to all your questions
Lately commented
Thank you
UBOS Census recruitment 2024 U...
SO NICE
UBOS Census recruitment 2024 U...
I like the website so much
UBOS Census recruitment 2024 U...
Tanga mjini gharama ya kuvuta maji shingap
Gharama za kuvuta maji 2024 | ...
Are you a professional seller? Create an account
Non-logged user
Hello wave
Welcome! Sign in or register