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About Ithala Development Finance Corporation

Ithala Development Finance Corporation Limited (IDFC) is a state-owned entity located in KwaZulu-Natal, South Africa. Established in 1958, IDFC focuses on driving economic development and empowerment while ensuring financial sustainability. It operates under the KwaZulu-Natal provincial government and plays a vital role in promoting economic growth in the region. IDFC offers a variety of services and products designed to support economic development. These include funding solutions for businesses, particularly those excluded from mainstream finance, as well as industrial and commercial property development and management. The corporation also provides retail banking services through its subsidiary, Ithala SOC Limited, along with home loan products and insurance services. IDFC primarily serves small businesses and cooperatives, acting as a crucial support system for entities seeking financial assistance.

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