TymeBank supports Alex youth business development projects
TymeBank partners with Ikusasalethu Youth Development Project (IYDP)- to walk a business development journey with more than 180 aspirant youth businessmen and women in Alexandra.
TymeBank business banking has offered support to aspiring entrepreneurs in Alexandra to realise their dreams of starting their business projects.
This is in partnership with NPO Ikusasalethu Youth Development Project which will see the bank providing business banking services to graduates of the organisation’s skills development programme, many of whom have overcome immense hardship to be where they are today.
TymeBank chief commercial director Cheslyn Jacobs announced the handover of working implements to more than 180 aspiring entrepreneurs who recently graduated from the programme and are ready to start their small business journey.
The handover of implements also marked the official opening of the NPO’s Business Incubation Hub at the Sankopano Centre, which provides mentorship programmes and support in creating business plans and company profiles, including company registrations and business coaching.
The programme graduates will be starting their businesses in various fields, including landscaping, construction, pest control, nail technology and graphic design. “As part of their business start-up kits, the graduates will open TymeBank business accounts and consequently gain access to the full range of services that form part of TymeBank’s Business Banking offering,” Jacobs said in his address.
He added the graduates have already shown great determination and commitment by going through the Ikusasalethu skills development programme. “We believe our business banking products and services can greatly enable their start-up businesses and immensely contribute to the realisation of their full business potential and dreams.
“Given the nature of many of their businesses, a notable benefit for these aspiring business owners will be access to our point-of-sale solution, TymePOS, an app that turns any NFC-enabled cellphone into a tap-and-go payment device for card payments.”
Jacobs concluded this meant the business owners would be able to accept cashless payments from customers wherever they were and because the bank offered a next-day settlement, they would be better enabled from a cash flow perspective.
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