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11.7 million56,165208.7—12.8 million—
Background and Main Challenges:
The Small Enterprise Foundation (SEF) is a non-profit NGO which began operations in 1992. The aim of SEF is to work towards the elimination of poverty and unemployment. This is accomplished through two programs, the Microcredit Programme (MCP) and the Tshomisano Credit Programme (TCP). MCP ... Read more
The Small Enterprise Foundation (SEF) is a non-profit NGO which began operations in 1992. The aim of SEF is to work towards the elimination of poverty and unemployment. This is accomplished through two programs, the Microcredit Programme (MCP) and the Tshomisano Credit Programme (TCP). MCP focuses on existing, but generally marginal micro-enterprises and provides them with micro-loans. On the other hand, TCP strictly targets women who live below half the poverty line.
SEF is based in the Limpopo Province of South Africa. The Province is the poorest in the country, with only 1/3 of people are formally employed. For the remaining 2/3 of the population, self-employment is the only hope of generating an income. With lack of availability to affordable credit, small businesses struggle to survive or falter. SEF was established in response to this unmet need.
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SEF is based in the Limpopo Province of South Africa. The Province is the poorest in the country, with only 1/3 of people are formally employed. For the remaining 2/3 of the population, self-employment is the only hope of generating an income. With lack of availability to affordable credit, small businesses struggle to survive or falter. SEF was established in response to this unmet need.
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Address:
P.O. Box 212
Tzaneen
850
South Africa
Phone:
27 15 307 5837
Fax:
27 15 307 2977
Email:
info
sef [dot] co [dot] za
sef [dot] co [dot] za Website:
Main Funding Sources:
Grants
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
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 1991
FYE:
30-Jun
Current Legal Status:
NGO
Regulated:
yes
Partnerships
| Name | Relationship |
|---|---|
| Hivos-Triodos Fund | Funding |
| Triodos Fair Share Fund | Funding |
| Triodos-Doen Foundation | Funding |