“Ikhala” is the isiXhosa word for Aloe in English. The Aloe is indigenous to the Eastern Cape. It is hardy, resilient and thrives best in adverse weather conditions. The Aloe plant is also used for medicinal purposes. It was felt that the name was appropriate for a delegated fund in the Eastern Cape Province, as although it was expected that not everything would go smoothly, the initiative would prosper regardless of the adversities it faced.