THE SMALL ENTERPRISE FOUNDATION NPC
Status: Completed investmentWhy disclosure?
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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?
The Small Enterprise Foundation (SEF) is a not-for-profit microfinance institution working towards the eradication of poverty by creating a supportive environment where credit and savings services foster sustainable income generation, job creation and social empowerment. SEF’s clients are majority (99%) females, with typical enterprises including fruit and vegetable sellers, new and used clothing, small convenience shops, and dressmakers.
What is our funding objective?
The goal of this project is to support SEF in designing and launching a Total Quality Management system that will ensure quality and compliance, accompanied by a set of tools to measure this on an ongoing basis.
Why do we fund this investment?
Improved efficiency, quality, and compliance collectively result in decreased internal risks for the organization, while simultaneously ensuring that SEF’s clients at the bottom of the pyramid (BoP) receive consistently high quality service. This is in line with MASSIF’s vision that access to quality financial services should be available to all individuals regardless of their circumstances or wealth level.
More investments
| Date | Total FMO financing |
|---|---|
| 11/5/2021 | ZAR 50.00 MLN |
| 12/22/2022 | EUR 0.05 MLN |
| 11/24/2022 | ZAR 30.00 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
- 7/17/2017
- End date
- 8/8/2018
- Total FMO financing
- EUR 0.06 MLN
- Funding
- MASSIF
-
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