Current Tembeka Clients

Tetla financial services

Tetla Financial Solutions was incorporated in September 2006 as a section 21 Company (Not for Profit) to facilitate the empowerment of communities by making financial services accessible to disadvantaged members of the community for enterprise, income generation activities, livelihood support, incremental housing, emergency as well as educational purposes. Tetla currently operates within the Western cape only but has plans to expand into near by provinces.

Tetla Client: Thobeka Noyamile Nkwenkwana, Fruit Vendor, Langa Cape Town

Tetla Client: Bongiwe Jakuja Food Merchant, Langa,Cape town

Tetla recognizes that economic challenges faced by the poor, unemployed and underemployed in South Africa require more solutions than just micro credit. They also focus on providing support in the form of on access to markets, productivity and competition. To this end, Tetla will engage both local and provincial government to open their procurement activities to include our clients based on the data base created from their marketing activities.

Tsoga Finacial Solutions

Tsoga is a microfinance organisation providing enterprise loans to rural poor, particularly women, around the borders of Gauteng, Mpumalanga and Limpopo provinces. Loans range from R100 to R10 000.

Tsoga Client: Groblerdal

Beehive/ Indlu group

In short, the objectives of Indlu Finance (Pty) Ltd are to enable lower income individuals to improve their living conditions (to either buy a house; extend a house; improve a house; or service a house), increase the value of their assets and even increase their income by building rental rooms or units. We provide loans for people to build in rural areas; for farm workers and people living in townships.

Small Enterprise Foundation - www.sef.co.za

Small Enterprise Foundation (SEF) is a non-profit NGO dedicated to alleviating poverty through encouraging and nurturing self-employment. SEF’s main tools to achieve this goal are micro-credit and savings services. SEF began operations in 199, over the years serviced more than 55 000 clients.

SEF utilises a participatory impact monitoring system, which provides testimony to the success of microfinance for the very poor. Very poor families are able to afford three meals a day rather than one. Other families pay school fees and buy uniforms to send their children to school – even to college or university. In addition, increase in income, sense of independence and self-reliance results in significant empowerment for SEF clients, especially its women clients.

SEF client: Sewela Joyce Molele - Mpumalanga

Women’s Development Business Micro Fiance

The WDB-MF was started in 1991 with its main operations in the rural areas of Mpumalanga province. The programme is 100% owned by the WDB-Trust. WDB Micro-finance is the core business of the WDB Group.

WDB-MF is dedicated to the upliftment of poor women particularly rural women by ensuring that they too actively participate in the mainstream economy. WDB-MF clients have access to small loans with an undertaking that they will use the money to start an enterprise or they will invest in their existing enterprise. The WDB-MF program target market is exclusively poor women.

WDB clients

The foundation of WDB-MF programme is the belief that making income generating micro credit available to the poor rural women not only ensures that they lift themselves and their families out of poverty but also enhances the position of women in the house hold and communities.

Comments from Clients

• Chairman of Small Farmers Trust Stellenbosch - “Tembeka has helped to make it possible for us to start farming, no other financial institution was prepared to give us finance or their conditions would have made it impossible for us”

• Existing retail financial institution (RFI) when asked why they were considering applying to Tembeka- “we are tired of being in an abusive relationship”

• Another RFI when hearing about Tembeka wanting to form a partnership with them; “we have never had a supplier of loan funds speak of forming a partnership like this before”

• A KwaZulu Natal MFI stated that “Tembeka is most welcome” , while an MFI in Gauteng said: “Tembeka has come at the correct time”

• Spazatainer: “Tembeka has made it possible to create leverage with one of our suppliers”

Client application criteria

Your organisation (association, MFI, Sec 21 Company, CBO, etc…) should:

• be legally constituted under South African law with legal persona and fixed address,
• have a clearly defined target within the historically disadvantaged community, with a special focus for a community-based approach,
• be active in one or more of the following TEMBEKA areas of TEMBEKA coverage, i.e. (savings) and/or credit to small and micro enterprises, co-operative community-based enterprises, affordable housing. Both rural and urban locations qualify,
• have in place sound accounting and financial management systems,
• have sound and well maintained internal organisational guidelines, policies and procedures.
• demonstrate the capacity, by way of track record, and the ability to carry out current and proposed projects in terms of staffing, administration, reporting, and accurate financial management,
• be able to illustrate project results through adequate tools in order to document impact,
• have clear and realistic short, medium and long term objectives and viable strategies to achieve them.
• be FICA compliant
• be NCR compliant

Qualifying criteria for a successful application

• The proposal must contain a detailed and realistic budget,
• The proposal must be accompanied by all document requested in the loan application form.
• Tembeka should not be the only provider of funding or be expected to provide 100% of the funding required.
• Tembeka will award loans in accordance with its policies and risk exposure at the time of approving each application.