The Employment Generation Fund

Originally set up in 1992 by the Auckland and Manukau Synods of the Methodist Church of New Zealand, the Employment Generation Fund was a finalist in the 2006 Vero Excellence in Business Support Awards.

Since starting the fund has financially assisted more than 130 ventures, made advances of more than $1.4M and created 320 full-time equivalent jobs.

The fund will support:

• ventures that are demonstrably viable.
• ventures that show prospects of employment generation.
• ventures that favour youth employment.
• some ventures not eligible for help from any other source.

Finance

Funds are made available under three broad categories to provide:

• loans for expansion of developing ventures.
• loan capital for new small innovative ventures.
• assistance for ventures of merit in danger of failure.

Our Requirements

Each application is considered confidentially on its merits, and successful applicants will be required to:

• sign a "Deed of Loan" between the Fund and themselves.
• operate acceptable accounting and commercial systems.
• accept "mentor" assistance during the period of the loan

Some comments from borrowers

"The fund has offered me an amazing opportunity, I am eternally grateful”

"The fund has not only assisted me in re-establishing my business but has also helped create new and future employment”

"We would not be in business today had the fund not supported our business"

Contributors to the fund

• Methodist Mission Northern
• The Tindall Foundation
• Northland Community Trust
• ASB Trusts
• Levi Strauss & Co

Contact PHIL HICKLING on 09 3025390 or refer to the contacts page for more details.