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Your friend, Sipho, is looking to start his own small business, and has approached you for some advice. He has already approached Bank XYZ for

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Your friend, Sipho, is looking to start his own small business, and has approached you for some advice. He has already approached Bank XYZ for a loan of R50 000 (his start up capital), but they refused to give him a loan, based on his credit record. Advise him on any other ways which he can use to raise funds for his business

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