News coming to us courtesy the MCM newsletter, South Africas Small Enterprise Foundation (SEF) has been granted a syndicated loan worth ZAR 3mn (about USD 421,800) from the Hivos-Triodos Fund and Triodos-Doen.
SEF, non-profit NGO was started in 1992 in the Limpopo provine of South Africa. As of mid-2006, it had 34,553 active borrowers accounting for a gross loan portfolio of USD 5.3mn on a total equity base of USD 2.6mn. Like most NGOs in Africa, it is non profitable having recorded a -1.96% ROA as 8/12/2006. In 2003, it received the Pioneer Award by Grameen Foundation.
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