THE SMALL ENTERPRISE FOUNDATION NPC
Status: Completed investmentWhy disclosure?
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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
The Small Enterprise Foundation (SEF) is an indigenous South African not-for profit microfinance institution working towards the eradication of poverty by providing credit and savings services, fostering sustainable income generation, job creation and social empowerment. SEF’s clients are majority (99%) female, with typical enterprises including fruit and vegetable sellers, catering and small manufacturing businesses.
What is our funding objective?
This project aims to strengthen SEF’s internal capacity to increase its impact through its Larger Loan Program. At the same time, it directly supports the growth of small businesses run by female entrepreneurs, by strengthening SEF’s non-financial services offering.
Why do we fund this investment?
This project contributes to FMO’s strategic ambitions: SDG 5, Gender Equality and SDG 10, Reducing Inequalities. SEF’s inclusive focus is in line with FMO’s priorities to provide financial services and business support to women living in rural areas.
More investments
| Date | Total FMO financing |
|---|---|
| 11/5/2021 | ZAR 50.00 MLN |
| 11/24/2022 | ZAR 30.00 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
- 11/7/2019
- End date
- 12/22/2022
- Total FMO financing
- EUR 0.05 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