Small Enterprise Foundation
Small Enterprise Foundation (SEF) was founded in 1992 and is based in the Limpopo province in the north-east of South Africa. SEF is unique in the fact that it provides loans to the poorest women in the villages and the countryside for productive purposes. In 2008 it expanded its activities into the Eastern Cape Province, one of the poorest provinces of South Africa. The microfinance institution actively measures its effects and penetration and cooperates with such organisations as the Rural AIDS and Development Action research Programme (RADAR). Hivos-Triodos Fund, Triodos Sustainable Finance Foundation and Triodos Fair Share Fund have provided loans to SEF.
KEY INDICATORS Small Enterprise Foundation at year-end 2012:
- number of loan clients: 95,143
- percentage female clients: 100%
- percentage rural clients: 100%
- average loan amount: EUR 173
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.