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Attention: Site Under Construction - Programme requirements, documentation and fees are under review. Please check with NURCHA at
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for current specifications. | About Us Nurcha is an innovative construction finance company that supports the national programme to house all South Africans in sustainable human settlements. Nurcha provides bridging finance to contractors and developers involved in the construction of SUBSIDY and AFFORDABLE HOUSING, COMMUNITY FACILITIES and INFRASTRUCTURE. Nurcha is a section 21 company (not for gain) and is funded by the South African Government in partnership with the Soros Foundation, various overseas donors and other commercial lenders. |  | The Nurcha AdvantageIf you are a contractor or developer involved in housing, community facilities or infrastructure, you can take on your next contract with confidence knowing that Nurcha can provide you with the bridging finance necessary to ensure that your project will be successful and profitable. If required by you, Nurcha will help you assess the contractual and financial viability of your project, organise the necessary guarantees (where applicable) and loans and provide all the support you need to professionally manage your project. The relationship between you and Nurcha will be based on mutual respect and common interest. Nurcha is not linked to the employer or the consulting team. We act only in your best interests. Our success depends entirely on your success and we will do everything necessary to ensure the satisfactory completion of your project. | Important Basic Requirement To qualify for a bridging finance loan you must have been awarded a viable contract from a recognised employer in the public or private sector. |
Intermediary Managed or Direct FinanceNurcha is an organisation that is regarded as the partner of choice for those seeking innovative construction financing solutions. We are specifically geared to provide construction finance for contractors or developers who cannot easily access finance from the conventional financial institutions. Each contractor or developer has unique needs and levels of experience. Some require a more closely managed approach than others. Nurcha will assess the needs of each applicant and structure the loan accordingly. Intermediary Managed FinanceEmerging contractors with little or no project management experience, and who require a high level of support, are funded and managed through a system of financial intermediaries. These are independent specialists who are under contract to Nurcha. They have extensive knowledge of the construction industry and supplier network, and have sound relationships with all role-players involved in the delivery of subsidy housing, infrastructure and community facilities. They provide a range of construction support services to suit the contractor and are required to manage the programme as stipulated by Nurcha. Direct Finance
If you are a more established contractor or developer and do not require the close management by an intermediary, then you will need:
a minimum of 3 years experience in the construction industry audited company financial statements and/or management accounts to provide tangible security
You will be financed directly by Nurcha and can benefit from the experience and professional advice available from our programme managers. If you have these credentials, simply contact Nurcha direct and we will gladly assist you. A number of established contractors opt to employ the services of an intermediary because of the convenience of the construction support offered. |
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