MFI ReportMission:
The Beehive EDC provides emerging and existing entrepreneurs with financial support whilst facilitating access to information and support services.
Background and Main Challenges:
The Beehive EDC was started in 1992 as a job creation project by a group of churchleaders, businessmen and community workers. In time the focus changed to skills and business training to providing finance to entrepreneurs. The challenges for Beehive are to:
- find ways to deliver a range ... Read more
- find ways to deliver a range ... Read more
The Beehive EDC was started in 1992 as a job creation project by a group of churchleaders, businessmen and community workers. In time the focus changed to skills and business training to providing finance to entrepreneurs. The challenges for Beehive are to:
- find ways to deliver a range of financial services to people who are presently sidelined by the commercial banks. Therefore Indlu Finance and the Thaba Chweu Savings and Credit Cooperative was founded to provide savings services and housing finance to our target market.
- diversify our funding base.
- achieve sustainable outreach and become fully self sufficient.
- diversify our product range further and with continued market research refine our existing products. Hide
- find ways to deliver a range of financial services to people who are presently sidelined by the commercial banks. Therefore Indlu Finance and the Thaba Chweu Savings and Credit Cooperative was founded to provide savings services and housing finance to our target market.
- diversify our funding base.
- achieve sustainable outreach and become fully self sufficient.
- diversify our product range further and with continued market research refine our existing products. Hide
Address:
PO Box 585
Lydenburg
1120
South Africa
Phone:
(27-13) 235-1695
Fax:
(27-13) 235-4327
Email:
michael [at] bedc [dot] co [dot] za
Website:
Main Funding Sources:
Loans
Products and Services:
Loans
Voluntary Savings
Products:
Fifteen percent of Beehive loans have been to individuals, with the remainder via a group-lending model. Beehive has disbursed a total of R15 018 335.46 in loans since 1994.
Group savings are integral to Beehive’s loan methodology. For its better-off clients, Beehive also decided to ... Read more
Group savings are integral to Beehive’s loan methodology. For its better-off clients, Beehive also decided to ... Read more
Fifteen percent of Beehive loans have been to individuals, with the remainder via a group-lending model. Beehive has disbursed a total of R15 018 335.46 in loans since 1994.
Group savings are integral to Beehive’s loan methodology. For its better-off clients, Beehive also decided to establish a SACCO, geared towards employed people in search of housing and education loans. Hide
Group savings are integral to Beehive’s loan methodology. For its better-off clients, Beehive also decided to establish a SACCO, geared towards employed people in search of housing and education loans. Hide
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 1992
FYE:
28-Feb
Current Legal Status:
NGO
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Charmaine Oelofsecharmaine [at] bedc [dot] co [dot] za+27 13 235 1695
-
Michael NcongwaneDirectormichael [at] bedc [dot] co [dot] za+27 13 235-1695
