Thaba Goats Business Plan — Appendix C: Debt Schedules
Loan-by-loan drawdown, interest and amortisation schedules across the staged funding ladder.
Appendix C: Debt Schedules
Jump to section
- Overview & contents
- i. Important Notice
- 1. Executive Summary
- 2. The South African Goat Market
- 3. Why the Informal Market Matters More Than the Abattoir
- 4. Seasonality
- 5. SWOT and Competitive Position
- 6. The Five-Stage Roadmap and Gates
- 7. The Funding Ladder
- 8. Herd and Reproduction
- 9. Kid Mortality: The Industry's Named Constraint
- 10. Grazing, Land and Water
- 11. Animal Health
- 12. Route to Market
- 13. People and Operations
- 14. Regulation and Compliance
- 15. Unit Economics
- 16. Capital Expenditure
- 17. Financial Projections
- 18. Break-Even and Sensitivity
- 19. Risk Management
- 20. Implementation Timeline
- 21. Returns and Net Asset Value
- 22. Key Performance Indicators
- 23. Key Assumptions
- 24. Conclusion
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Stage Capital Schedules
- C. Appendix C: Debt Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Funding Application Checklist
- F. Appendix F: Glossary
- C.1 SEDFA micro-finance — R150k at 11.0%
- C.2 SEDFA small enterprise loan — R630k at 11.0%
- C.3 Blended Finance Scheme via Land Bank, tranche 1 — R400k at 7.0%
- C.4 Blended Finance Scheme via Land Bank, tranche 2 — R430k at 7.0%
- C.5 Land Bank expansion facility — R860k at 9.0%
- C.6 Combined
Each facility is drawn at the start of its stage, with interest charged on a half-year basis in the year of drawdown to reflect progressive deployment. Each carries a capital moratorium of one to two years reflecting the eighteen-month lag from a doe placed to a saleable kid.
C.1 SEDFA micro-finance — R150k at 11.0%
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Interest |
8 |
17 |
17 |
15 |
13 |
|
Principal repaid |
— |
— |
15 |
17 |
19 |
|
Closing balance |
150 |
150 |
135 |
118 |
99 |
C.2 SEDFA small enterprise loan — R630k at 11.0%
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Interest |
— |
35 |
69 |
64 |
64 |
|
Principal repaid |
— |
— |
53 |
— |
59 |
|
Closing balance |
— |
630 |
577 |
577 |
518 |
C.3 Blended Finance Scheme via Land Bank, tranche 1 — R400k at 7.0%
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Interest |
— |
— |
14 |
28 |
28 |
|
Principal repaid |
— |
— |
— |
— |
39 |
|
Closing balance |
— |
— |
400 |
400 |
361 |
C.4 Blended Finance Scheme via Land Bank, tranche 2 — R430k at 7.0%
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Interest |
— |
— |
— |
15 |
30 |
|
Principal repaid |
— |
— |
— |
— |
— |
|
Closing balance |
— |
— |
— |
430 |
430 |
C.5 Land Bank expansion facility — R860k at 9.0%
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Interest |
— |
— |
— |
— |
39 |
|
Principal repaid |
— |
— |
— |
— |
— |
|
Closing balance |
— |
— |
— |
— |
860 |
C.6 Combined
|
R’000 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Loans drawn in the year |
150 |
630 |
400 |
430 |
860 |
|
Total interest |
8 |
51 |
100 |
121 |
173 |
|
Total principal repaid |
— |
— |
68 |
17 |
117 |
|
Total debt service |
8 |
51 |
168 |
138 |
290 |
|
Total debt outstanding |
150 |
780 |
1 112 |
1 524 |
2 268 |
|
Cash EBITDA |
(148) |
(185) |
(194) |
(115) |
364 |
|
Debt service cover on cash EBITDA |
n/a |
n/a |
n/a |
n/a |
1.26x |
|
Stage 5 gate |
— |
— |
— |
— |
1.25x |