South Africa

Financial services

Financing granted

Loan of €3.1M *
(equivalent in local currency)

Foundation partner

since 2019
(1 loan granted)

*Outstanding amount at grant value

 

Partner website

Context:

South Africa is an emerging country with an increasingly diversified economy, but remains unable to achieve a drastic reduction in extreme poverty. This explains why the pursuit of strong economic growth takes precedence over other progress. The agricultural sector also has to cope with drought.

The institution:

The Small Enterprise Foundation (SEF) is a Tier 2 microfinance institution created in 1992 by two South African individuals. Its mission is to endeavour actively to eradicate poverty by reaching the poor and very poor with a range of financial and non-financial services so as to enable them to attain their potential.

Impact:

SEF started its operations in Limpopo Province, the country’s poorest region. Although its presence there is still strong, its reach has expanded. The institution is now present in 6 provinces and serves 99% of women, helping them overcome the financial, economic and social barriers that contribute to individual, family and community poverty.

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