Programme: SEFA Direct Lending Products Financial Cooperatives and Cooperative Banks
Organisation: Small Enterprise Finance Agency (sefa)
Type of Support
Programme Description
Business loans for funding enterprise projects e.g. purchase of equipment as well as working capital are available. Interest rate and other fees are charged based on sefa’s pricing model and the risk profile of the co-operative.
The maximum amount is pegged at15% of the total assets (R5 million in a case where the Financial Co-operative has obtained an exemption from the Supervisor: Co-operative Banks Development Agency (CBDA) or Reserve Bank in case of a Co-operative Bank.
The maximum repayment period is 5 years.
Target Market
Financial Cooperatives with a minimum of 200 members.
Cooperative Banks with a savings book/share capital of at least R100 000.
These must have been in existence for more than a year.
Application Process
Applicants must approach the nearest sefa branch, or they can download the application form that is online.
Success Stories
<Success stories to be requested from Sefa>
Contact Details
Head Office:
Eco Fusion 5, Building D,
1004 Teak Close
Witch Hazel Avenue,
Highveld Centurion.
Call centre number: 086000 7332 (sefa)
Email: helpline@sefa.org.za
Regional Offices
Free State
Contact Person : Irene Khoase
Office 4 and 5, Preller Square
Graaf Reinet Street,
Dan Pienaar,
Bloemfonetein, 9301
Telephone 051 436 0150
KwaZulu Natal
Contact Person Philisiwe Msomi
21st Floor, Office2102
Durban Embassy Building
Anton Lembede Street
Durban 4001
Telephone: 031 368 3485
Gauteng South Western
Contact Person : Pearl Ngomane
No L3-01, Braampark Office,
33 Hoofd Street,
Braamfontein,
Johannesburg, 2000
Telephone 011 403 1761
Fax 086 605 8672
Gauteng North Eastern
Contact Person : Fredah Koali
Block C, 4th Floor,
Old Mutual Building
536 Schoeman Street
Pretoria
Telephone : 012 441 0480
Fax 012 341 0204
Western Cape
Contact Person: Viola Nhose
9th Floor, FNB Building,
2 Long Street,
Cape Town, 8001
Telephone: 021 425 6774
Eastern Cape (Western Districts)
Contact Person : Thelma Zondani
No 68 Cape Road,
Mill Park,
Port Elizabeth, 6000
Telephone: 041 373 4153
Fax 041 373 4237
Eastern Cape (Eastern Districts)
Contact Person Waydine Naidoo
Chesswood Office Park,
8 - 10 Winkley Street,
2nd Floor
Berea, 5241
Telephone: 043 721 1510
Fax: 043 721 2447
Northern Cape
Contact Person: Charmaine Sali
72 Long Steet
Business Partners Building
Kimberly 830
Telephone 053 832 2275
Fax : 053 832 9585
Mpumalanga
Contact Person Refiloe Mashile
Unit U5, Nelcity Centre,
Corner Paul Kruger & Samora Machel Drive,
Nelspruit,1200
Telephone: 013 755 3923
Fax: 013 755 5086
Limpopo
Contact Person: Lesego Raboifa
Suite 4, No 43 Biccard Street,
Biccard Park,
Polokwane, 0699
Telephone : 015 294 0900
Fax: 015 297 0158
North West
Contact Person: Hilda Monedi
32B Heystek Street,
Sunetco Building,
Rustenburg
Telephone : 014 592 6391
Fax : 014 592 6385
Company website
http://www.sefa.org.za/Admin/ProductsServices/Product.aspx?ContentSelectionID=938
Organisation: Small Enterprise Finance Agency (sefa)
Type of Support
- Funding.
Programme Description
Business loans for funding enterprise projects e.g. purchase of equipment as well as working capital are available. Interest rate and other fees are charged based on sefa’s pricing model and the risk profile of the co-operative.
The maximum amount is pegged at15% of the total assets (R5 million in a case where the Financial Co-operative has obtained an exemption from the Supervisor: Co-operative Banks Development Agency (CBDA) or Reserve Bank in case of a Co-operative Bank.
The maximum repayment period is 5 years.
Target Market
Financial Cooperatives with a minimum of 200 members.
Cooperative Banks with a savings book/share capital of at least R100 000.
These must have been in existence for more than a year.
Application Process
Applicants must approach the nearest sefa branch, or they can download the application form that is online.
Success Stories
<Success stories to be requested from Sefa>
Contact Details
Head Office:
Eco Fusion 5, Building D,
1004 Teak Close
Witch Hazel Avenue,
Highveld Centurion.
Call centre number: 086000 7332 (sefa)
Email: helpline@sefa.org.za
Regional Offices
Free State
Contact Person : Irene Khoase
Office 4 and 5, Preller Square
Graaf Reinet Street,
Dan Pienaar,
Bloemfonetein, 9301
Telephone 051 436 0150
KwaZulu Natal
Contact Person Philisiwe Msomi
21st Floor, Office2102
Durban Embassy Building
Anton Lembede Street
Durban 4001
Telephone: 031 368 3485
Gauteng South Western
Contact Person : Pearl Ngomane
No L3-01, Braampark Office,
33 Hoofd Street,
Braamfontein,
Johannesburg, 2000
Telephone 011 403 1761
Fax 086 605 8672
Gauteng North Eastern
Contact Person : Fredah Koali
Block C, 4th Floor,
Old Mutual Building
536 Schoeman Street
Pretoria
Telephone : 012 441 0480
Fax 012 341 0204
Western Cape
Contact Person: Viola Nhose
9th Floor, FNB Building,
2 Long Street,
Cape Town, 8001
Telephone: 021 425 6774
Eastern Cape (Western Districts)
Contact Person : Thelma Zondani
No 68 Cape Road,
Mill Park,
Port Elizabeth, 6000
Telephone: 041 373 4153
Fax 041 373 4237
Eastern Cape (Eastern Districts)
Contact Person Waydine Naidoo
Chesswood Office Park,
8 - 10 Winkley Street,
2nd Floor
Berea, 5241
Telephone: 043 721 1510
Fax: 043 721 2447
Northern Cape
Contact Person: Charmaine Sali
72 Long Steet
Business Partners Building
Kimberly 830
Telephone 053 832 2275
Fax : 053 832 9585
Mpumalanga
Contact Person Refiloe Mashile
Unit U5, Nelcity Centre,
Corner Paul Kruger & Samora Machel Drive,
Nelspruit,1200
Telephone: 013 755 3923
Fax: 013 755 5086
Limpopo
Contact Person: Lesego Raboifa
Suite 4, No 43 Biccard Street,
Biccard Park,
Polokwane, 0699
Telephone : 015 294 0900
Fax: 015 297 0158
North West
Contact Person: Hilda Monedi
32B Heystek Street,
Sunetco Building,
Rustenburg
Telephone : 014 592 6391
Fax : 014 592 6385
Company website
http://www.sefa.org.za/Admin/ProductsServices/Product.aspx?ContentSelectionID=938
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