Programme: Sefa
Wholesale Lending Products-Microfinance Intermediaries (MFI)
Organisation: Sefa
Type of Support
· Funding; and
· Business Development Support.
Programme Description
The MFI is provided with facilities to on lend up to R50 000 to micro and survivalist businesses. However, in special circumstances based on proper credit vetting and investment policy procedures the amount can be up to R100 000 per single business or owner
Target Market
Microfinance Intermediaries that are BBBEE compliant, and have a minimum of 2 years in operation
Application Process
Interested people must contact any of the offices.
Application Conditions
Key personnel – (e.g. senior and executive management) must have the relevant investment and development finance credentials and no less than 5 years proven working experience as SMME investment analysts and / or microfinance specialist
Loan methodology including policies and systems to be able to assess, disburse, monitor and collect on loans must be in place
A 5-10% own contribution as percentage of loan amount or capital commitment may be required.
Success Stories
i. Mr Mqwathi, owner of SSS Security Services which operates in the security services industry, received a R1.8million loan from Retmil, a sefa funded financial institution in 2009. He has since paid back the loan and has benefitted from several additional loans, which he has also managed to service. His company now employs 1500 full time employees, up from 100 employees. He also managed to buy out his former business partner, making the venture a 100% black owned organisation, which operates in the Free State and North West provinces.
ii. Vhuyiswa Bheyi is an entrepreneur who is based in Cape Town. She received several loans from Tetla Development Services, which is a sefa funded Micro Finance Intermediary (MFI) to fund her business where she sells fruit and vegetables. She has repaid all the loans and her business is expanding.
Contact Details
Head Office
Eco Fusion 5, Building D, 1004 Teak Close Witch Hazel Avenue, Highveld Centurion.
Retail Financial Institutions (RFI) Contact List
Capital Harvest Emerging Farmer Finance
Contact Person : Faans Roos
18 Papegaai Street, Stellenbosch 7600
Telephone: 021 886 7030
Fax: 021 886 7036
Email:info@capitalharvest.co.za or faans@capitalharvest.co.za
Website: www.capitalharvest.co.za
Retmil Financial Services (Pty) Ltd
Contact Person: Retha Notley
36 Kellner Street, Westdene, Bloemfontein, 9301
Telephone: 051 448 8954
Fax: 051 447 1833
Email: retha@retmil.co.za
Mettle Administrative Services (Pty) Ltd
Contact Person: Mark van Wyk
Mettle Building, Willie van Schoor Avenue, Bellville, 7530, Cape Town
Telephone: 021 915 3300
Fax: 021 945 2823
Email: Mvanwyk@mettle.net
Johannesburg Office
Contact Person: Lebe Oosthuysen
Telephone: 011 801 5300
Email: loosthuysen@mettle.net
Website: www.mettle.net
Cape Capital Investment and Finance Co Ltd
Contact Person: Christopher Howell
3rd Floor,Mill House, Boundary Terraces, Mariendahl Lane, Newlands, 7700
Telephone: 021 683 3525
Fax: 021 683 4422
Email chris@capecapital.co.za
Website: www.capecapital.co.za
CapX Invoice Discounting (Pty) Ltd
Contact Person: Henk Rossouw
La Fontaine. Westerdale Road, Durbanville 7550
Telephone: 021 979 1960
Fax: 021 979 1996
Email:henk@capx.co.za
Website: www.capx.co.za
The company website ishttp://www.sefa.org.za/Admin/ProductsServices/Product.aspx?ContentSelectionID=935
Call Centre: 086000 7332 (sefa)
Email: helpline@sefa.org.za
Organisation: Sefa
Type of Support
· Funding; and
· Business Development Support.
Programme Description
The MFI is provided with facilities to on lend up to R50 000 to micro and survivalist businesses. However, in special circumstances based on proper credit vetting and investment policy procedures the amount can be up to R100 000 per single business or owner
Target Market
Microfinance Intermediaries that are BBBEE compliant, and have a minimum of 2 years in operation
Application Process
Interested people must contact any of the offices.
Application Conditions
Key personnel – (e.g. senior and executive management) must have the relevant investment and development finance credentials and no less than 5 years proven working experience as SMME investment analysts and / or microfinance specialist
Loan methodology including policies and systems to be able to assess, disburse, monitor and collect on loans must be in place
A 5-10% own contribution as percentage of loan amount or capital commitment may be required.
Success Stories
i. Mr Mqwathi, owner of SSS Security Services which operates in the security services industry, received a R1.8million loan from Retmil, a sefa funded financial institution in 2009. He has since paid back the loan and has benefitted from several additional loans, which he has also managed to service. His company now employs 1500 full time employees, up from 100 employees. He also managed to buy out his former business partner, making the venture a 100% black owned organisation, which operates in the Free State and North West provinces.
ii. Vhuyiswa Bheyi is an entrepreneur who is based in Cape Town. She received several loans from Tetla Development Services, which is a sefa funded Micro Finance Intermediary (MFI) to fund her business where she sells fruit and vegetables. She has repaid all the loans and her business is expanding.
Contact Details
Head Office
Eco Fusion 5, Building D, 1004 Teak Close Witch Hazel Avenue, Highveld Centurion.
Retail Financial Institutions (RFI) Contact List
Capital Harvest Emerging Farmer Finance
Contact Person : Faans Roos
18 Papegaai Street, Stellenbosch 7600
Telephone: 021 886 7030
Fax: 021 886 7036
Email:info@capitalharvest.co.za or faans@capitalharvest.co.za
Website: www.capitalharvest.co.za
Retmil Financial Services (Pty) Ltd
Contact Person: Retha Notley
36 Kellner Street, Westdene, Bloemfontein, 9301
Telephone: 051 448 8954
Fax: 051 447 1833
Email: retha@retmil.co.za
Mettle Administrative Services (Pty) Ltd
Contact Person: Mark van Wyk
Mettle Building, Willie van Schoor Avenue, Bellville, 7530, Cape Town
Telephone: 021 915 3300
Fax: 021 945 2823
Email: Mvanwyk@mettle.net
Johannesburg Office
Contact Person: Lebe Oosthuysen
Telephone: 011 801 5300
Email: loosthuysen@mettle.net
Website: www.mettle.net
Cape Capital Investment and Finance Co Ltd
Contact Person: Christopher Howell
3rd Floor,Mill House, Boundary Terraces, Mariendahl Lane, Newlands, 7700
Telephone: 021 683 3525
Fax: 021 683 4422
Email chris@capecapital.co.za
Website: www.capecapital.co.za
CapX Invoice Discounting (Pty) Ltd
Contact Person: Henk Rossouw
La Fontaine. Westerdale Road, Durbanville 7550
Telephone: 021 979 1960
Fax: 021 979 1996
Email:henk@capx.co.za
Website: www.capx.co.za
The company website ishttp://www.sefa.org.za/Admin/ProductsServices/Product.aspx?ContentSelectionID=935
Call Centre: 086000 7332 (sefa)
Email: helpline@sefa.org.za
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