MFI Report-
18.0 million74,345242.20.020.7 million0
Mission:
To work aggressively towards the elimination of poverty by reaching the poor and very poor with a range of financial services to enable them to realise their potential.
Background and Main Challenges:
The Small Enterprise Foundation is a non-profit NGO which began operations in 1992. The aim of SEF is to work towards elimination fo poverty and unemployment. This is accomplished through two programs, the Micro-Credit program(MCP) and Tshomisano Credit program. MCP focuses on existing, but ... Read more
The Small Enterprise Foundation is a non-profit NGO which began operations in 1992. The aim of SEF is to work towards elimination fo poverty and unemployment. This is accomplished through two programs, the Micro-Credit program(MCP) and Tshomisano Credit program. MCP focuses on existing, but generally marginal micro-enterprise and provides them with micro-loans . On the other hand , TCP strictly targets women who live below half the poverty line. SEF is now based in Limpopo, Eastern cape and Mpumalanga provinces of South Africa. The first two are the poorest in the country. With the high rate of unemployment in the country, the majority of the population is left with self employment as the only hope to generate income for their families. And due to lack of availability to affordable credit, small businesses struggle to survive or falter. SEF was established in response of this unmet need. Hide
Address:
P.O. Box 212
Tzaneen
850
South Africa
Phone:
27 15 307 5837
Fax:
27 15 307 2977
Email:
info [at] sef [dot] co [dot] za
Website:
Main Funding Sources:
Loans
Products and Services:
Loans
Products:
SEF employs a group-based lending methodology patterned after the Grameen Bank of Bangladesh. Potential members form themselves into groups of five, which are rigorously tested before they are officially recognized. Upon recognition groups are eligible to apply for loans, which they ... Read more
SEF employs a group-based lending methodology patterned after the Grameen Bank of Bangladesh. Potential members form themselves into groups of five, which are rigorously tested before they are officially recognized. Upon recognition groups are eligible to apply for loans, which they collectively guarantee.
While SEF does not provide savings services, it requires members of both programs to accumulate regular savings through a Post Office Savings Account. Loans are disbursed and groups deposit their savings into their accounts. SEF has no direct control of or access to the group savings. Through the savings plan, the borrowers build up a fund which they can fall back on when faced with mishaps or tragedies. Hide
While SEF does not provide savings services, it requires members of both programs to accumulate regular savings through a Post Office Savings Account. Loans are disbursed and groups deposit their savings into their accounts. SEF has no direct control of or access to the group savings. Through the savings plan, the borrowers build up a fund which they can fall back on when faced with mishaps or tragedies. Hide
Services Provided:
Education
Looking for (Investment Types):
Loans in Local Currency
Capacity-Building Grants
Donations
Guarantees
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 1991
FYE:
30-Jun
Current Legal Status:
NGO
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
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Bobby MunienFinancial Managerbobby [dot] munien [at] sef [dot] co [dot] za+27 15 307 5837
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Esido MushwanaResearch & Development Manageresido [dot] mushwana [at] sef [dot] co [dot] za27 15 307 5837
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John de WitManaging Directorjohn [at] sef [dot] co [dot] za
