THE SMALL ENTERPRISE FOUNDATION NPC
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
SEF is a South African not-for-profit, pro-poor microfinance institution that began operations in 1992. SEFs objective is to enable the poor to increase their income through microcredit and by assisting them in the accumulation of savings. SEF focuses specifically on female enterprises, including hawkers of fruits and vegetables and new or used clothing, small convenience shops, and dressmakers. On average, each business employs 1.4 individuals, including the owner, on a full-time or part-time basis. SEF has gained considerable international recognition for its poverty-targeting methodology and its success in reaching and ensuring positive impact on the very poor. SEFs poverty targeting tool (PWR) was one of the first such tools officially recognized and promoted by the Microcredit Summit Campaign.
What is our funding objective?
The funds will be used for on-lending to female micro entrepreneurs at the bottom of the pyramid.
Why do we fund this investment?
SEF applies the Grameen methodology and is South Africa's leading MFI in that regard. The financing fits very well into FMOs inclusive strategy which is focused on improving access to finance for small business owners.
What is the Environmental and Social categorization rationale?
This facility has been categorized as category C in accordance with FMO's Sustainability Policy. The lending activities, to women in rural areas, do not create any exposures in high risk E&S sectors.
More investments
| Date | Total FMO financing |
|---|---|
| 11/5/2021 | ZAR 50.00 MLN |
| 12/22/2022 | EUR 0.05 MLN |
| 8/8/2018 | EUR 0.06 MLN |
| 1/21/2021 | ZAR 30.00 MLN |
- Website customer/investment
- http://www.sef.co.za
- Region
- Africa
- Country
- South Africa
- Sector
- Financial Institutions
- Effective date
- 12/12/2017
- End date
- 11/24/2022
- Total FMO financing
- ZAR 30.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C