FELO-S BUSSINESS ENTERPRISE
| Business Location: | Rural area - Villages |
| Province | Limpopo |
| Branch: | Waterberg |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Felo-S Business Enterprise, a trailer company, was founded in early 2023 with the financial support of Ms. Koketjo Chauke’s cousin who saw the immense potential in the company's vision.
With a distinct vision and a dedication to sustainability and innovation, Ms. Koketjo Chauke assumed ownership of Felo-S Business Enterprise in 2024 and formally registered the business on January 8. She was committed to growing the business and increasing its market share. A major turning point for Felo-S Business Enterprise was the ownership transfer, which created new avenues for expansion and improvement.
The business expanded quickly over the year and became well-known for producing sturdy, high-quality trailers that meet industry standards and customer demands. The investment provided by Ms Koketjo Chauke's cousin laid a strong foundation for Felo-S Business Enterprise to establish itself amongst the leaders in the trailer manufacturing and renting market in Limpopo.
Felo-S Business Enterprise prides itself on providing top-notch customer service and delivering trailers that exceed expectations. The company is dedicated to meeting the ever-evolving needs of its clients and staying ahead of the competition through continuous improvement and innovation. With a focus on quality and reliability, Felo-S Business Enterprise has built a loyal customer base and established a strong reputation in the industry.
Challenges/Needs:
Ms Koketjo Chauke visited a Sedfa office needing assistance to grow her business. Through Sedfa’s assessment of company operations, the following constraints were identified:
• Insufficient equipment, necessitating access to funding.
• Limited comprehension of the business plan
• The company lacked any kind of branding or signage, making it difficult to locate in the marketplace.
Intervention Insights and Results
Intervention Details:
• The business was assisted with facilitation of access to finance at NYDA.
• The client was enrolled in a Sedfa organised 5-day intensive Business Planning training.
• The business was given additional assistance with branding, which included creating a sign board and other essential marketing materials.
• The client was enrolled in a Sedfa organised 5-day intensive Business Planning training.
• The business was given additional assistance with branding, which included creating a sign board and other essential marketing materials.
Outcome Details:
• The entrepreneur's expertise was enhanced by the business plan training, enabling them to create their own business plan.
• Annual turnover increased from R480 526 to R695 279, a 45% growth.
• The business has since created 3 more jobs.
• The business was approved by NYDA for a grant of R49 950.00 to purchase equipment and tools.
• Annual turnover increased from R480 526 to R695 279, a 45% growth.
• The business has since created 3 more jobs.
• The business was approved by NYDA for a grant of R49 950.00 to purchase equipment and tools.
Client Feedback
Client Comments:
“Thank you for the continues assistance and support that you provide for my business.”
