The IDC's acting regional manager, David McGluwa, said the district had the right ingredients to open both economic and employment opportunities as it was home to agriculture, tourism and manufacturing sectors.

"Limpopo is the second-largest producer of potatoes in the country accounting for 19% of the country's total production. The annual yields of mangoes, tomatoes, pawpaw, citrus, litchis, macadamia nuts and avocados contribute enormously to the production rate of the country,” said McGluwa.

McGluwa said Limpopo also boasts the largest cotton fields among other quality agricultural products in the country.

“Limpopo is critical to the country's economic growth prospects and as IDC, we are keen to nurture the economic and job creation fortunes," he said.

He said since the opening of regional offices in Polokwane in 2008, IDC had issued funds to the tune of R1.9 billion.

He added that in the past two years, IDC had approved R467 million to local companies, with R32.2 million being invested in the Vhembe district alone, creating or saving more than 7 500 jobs.

“We urge community members of Vhembe to take advantage of the satellite office opened in Thohoyandou and apply for funding so that they can get a share of the R102 billion budgeted by IDC for the next five years,” said McGluwa.

A local in the area, Petronella Mavende, 27, said the satellite office would help her achieve her long-time dream of running a brick-yard.

"I have a dream of running my own brick-yard so that I can employ many people where I will become one of the major suppliers of bricks in Vhembe,” said Mavende.

“However, with my salary of R1 200 that I earn as a domestic worker, it was difficult to secure funding. My belief is that IDC will be able to help me and other people like myself as they promised today."

Vhutshilo Ndou, a young entrepreneur who attended the event said: "I am positive that IDC will help me to finance by jewellery project. It has been my dream since I was very young.”