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PRESENTED BY MR.SITEMBELE MASE : CEO samaf TO 2007 AFRICA SMME CONFERENCE

PRESENTED BY MR.SITEMBELE MASE : CEO samaf TO 2007 AFRICA SMME CONFERENCE. Content page. Socio-economic landscape Socio-economic challenges in S.A. Government policy response samaf mandate Market segmentation Milestones and contribution. Socio-economic landscape in S.A.

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PRESENTED BY MR.SITEMBELE MASE : CEO samaf TO 2007 AFRICA SMME CONFERENCE

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  1. PRESENTED BY MR.SITEMBELE MASE : CEO samaf TO 2007 AFRICA SMME CONFERENCE

  2. Content page • Socio-economic landscape • Socio-economic challenges in S.A. • Government policy response • samaf mandate • Market segmentation • Milestones and contribution

  3. Socio-economic landscape in S.A. • Economy growth since leveled below 5% per annum • Increased government and private expenditure on infrastructure development • Growing inflation at close to 6% per annum • 37% unemployment from 32% since 1994 • 50% of SA citizens live below poverty line • 11,9 million earning less then R1 200 per month

  4. Socio-economic landscape in S.A. continue • Government social grants more then 7 billion rand • Proximately 16 million people in 2005 were un- banked • One in every six individuals is involved in small and micro business • Estimated 7 million is the working and enterprising poor

  5. GOVERNMENT POLICY RESPONSE • Establishment of funds for employment and poverty alleviation • International lessons and experiences • Two key strategic goals of the policy are to: • grow the economy by 6% between 2010 and 2014; and • reduce unemployment and poverty • This gave birth to the Apex Fund, amongst others

  6. Marketsegmentation

  7. samaf Mandate To provide accessible and affordable financial services through: • Development of sustainable financial intermediaries that reach deeper and broaderto the enterprising poor • Facilitation of training and capacity building for micro-entrepreneurs and financial intermediaries. • Ensuring effective financial intermediation and working markets for the working and enterprising poor.

  8. samaf milestones • Launched in April 2006 • 55,2 million approvals • Disbursements of R20m • R11m loans • R9m capacity building • 31 Financial Intermediaries mostly based in rural and peri-urban • 14 500 clients (borrowers and savers)

  9. Delivery Network

  10. Delivery network continues……

  11. Total distribution of funds

  12. Number of borrowers & savers 2006/7

  13. Challenges • How do we make use of FSC and RFI model effectively to scale-up ,increase outreach and deliver a balanced portfolio? • Which legal entity structure ensure better fund management ,risk management other than the “benevolent SECTION S21 NGO whilst at the being “developmental” in provisioning of financial services?

  14. THANK YOU

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