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samaf Medium Term Strategic Framework 2011 – 2014 Presentation to the Portfolio Committee on Economic Development 30 March 2011. 1 1. Contents. Mandate Vision, Mission and Values Key Deliverables over the Three Years samaf Products and Services - PowerPoint PPT Presentation
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samaf Medium Term Strategic Framework2011 – 2014
Presentation to the Portfolio Committee on Economic Development
30 March 2011
11
Contents
Mandate
Vision, Mission and Values
Key Deliverables over the Three Years
samaf Products and Services
Alignment of samaf to the New Growth Path
Performance Targets
Budget
– Challenges
samaf Provincial Office Addresses
22
MandateTo create work opportunities and sustainable livelihoods through the facilitation and provision of affordable access to finance by micro, small and survivalist businesses for the purpose of growing their income and asset base. samaf is also required to act as a catalyst in the development of a vibrant micro-finance industry in South Africa.
33
MandateEffectively this means that samaf must:-
Facilitate the provision of affordable access to finance by micro and
survivalist businesses;
Extend financial and non-financial services to reach deeper and
broader into the rural areas, informal settlement and peri-urban
settlement of South Africa;
Build a strong, effective and efficient wholesale (Apex) Fund;
Contribute to a better quality of life; and
Contribute towards a sustainable and vibrant micro financial industry in
South Africa
44
Vision and Mission
55
Vision
“To be a leader in developmental micro finance”Mission
To provide developmental finance and non-financial services to Financial Intermediaries through:
Mobilization of financial intermediaries;
Wholesaling of funds;
Development of institutional capacity;
Lobbying and advocacy towards policy development; and
Development of valuable partnerships.
ValuesThe following values will underscore samaf’s behaviour as it strives towards the achievement of its mandate, vision and mission:
Integrity - Dealing with stakeholders in an honest and ethical manner;
Transparency - Ensuring compliance with best practice on the dissemination and sharing of information with all stakeholders and consulting with them to ensure comprehensiveness and buy-in to samaf activities;
Professionalism - Adhere to specific defined norms and setting standards of workmanship, respect, and communication;
Accountability - Taking responsibility for the decisions and actions, including allocation of powers and duties;
High Performance - Excellent performance and satisfied customers that guarantee long term sustainability of the South African Micro-Finance Apex Fund.
The relevant behaviour by staff to achieve the above values have also been developed.
66
Key Deliverables over the Three YearsProvision of financial support to FI’s totalling R279m for on-lending
R115m for capacity & institutional building support
Establishment of 122 new Financial Intermediaries (FI’s)
Funding of 193 FI’s
Creation of 56 000 projected new jobs
Diversified microfinance products to address the needs of the Financial
Intermediaries
Increasing visibility and awareness of samaf’s mandate, products and
services
Improvements in Information Technology
Improved turn around times
77
samaf Products and Services
88
LOANS: USAGE: MINIMUM - MAXIMUM USAGE:
• Development Loans
Education loans Housing loans Emergency loans
Consumption loans aimed at FSC’s and MFI’s for on-lending to clients (household) earning below R1 500 per month
R 4 Million R10 Million
2. Micro-enterprise Loans Micro – surviving generating activities with the total income of R3 500 per month
INSTITUTIONAL INCENTIVES: USAGE: MINIMUM MAXIMUM
1. Fund
To assist both MFI’s and FSC’s to be utilised for enhancing the institutional capacity, partial subsidizing of operation costs, development of reporting systems policies and procedures
R 1 Million R 5 Million
2. Saving formalisation & mobilisation fund
To assist current and unregistered co-operatives, groups and clubs to formalise their registration with CIPRO and samaf and the overall operations capacity in order to grow
N/A R200 000
Note: The above thresholds are under review to ensure relevance to the market that samaf serves
Alignment to the New Growth PathThe performance objectives are aligned to the New Growth Path as defined by the Economic Development Department (EDD) and are as follows:
Strengthening access to micro-finance for small enterprises
Enterprise development: Promoting small business and entrepreneurship
Eliminating red tape;
Payment of small business suppliers within 30 days
Spatial development: Extension of samaf offerings to remote and rural
areas by working with the Provinces and Municipalities.
Addressing key developmental goals for women empowerment and youth
employment
99
Performance Targets
1010
Measure2011/12 2012/13 2013/14
Number % Number % Number %
End-user borrowers
Total borrowers 22,116 30,233 43,190
Women 17,693 80% 24,186 80% 34,551 80%Men 4,423 20% 6,047 20% 8,639 20%
Youth 2,212 10% 3,023 10% 4,318 10%Disabled 443 2% 604 2% 864 2%
Rural 13,791 62% 19,564 65% 28,815 67%Semi-urban 8,325 38% 10,669 35% 14,375 33%
Performance Targets
1111
End user borrowers
22,1
16
30,2
33
43,1
90
17,6
93
24,1
86
34,5
51
4,42
3
6,04
7 8,63
9
2,21
2
3,02
3
4,31
8
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Total Borrowers Women Men Youth
2011/12
2012/13
2013/14
Performance Targets
1212
End user borrowers
443
604
864
13,7
91
19,5
64
28,8
15
8,32
5 10,6
69
14,3
750
5000
10000
15000
20000
25000
30000
Disabled Rural Semi-urban
2011/12
2012/13
2013/14
Performance Targets
1313
Measure2011/12 2012/13 2013/14
Number % Number % Number %
End-user service loans
Micro Enterprise 19,421 88% 26,894 89% 39,023 90%
Housing 1,536 7% 1,849 6% 2,224 5%
Education 1,159 5% 1,490 5% 1,941 5%
New jobs created 13, 100 17, 900 25, 000
End-user savings
Total active savers 23,851 28,419 34,653
New savers 4,568 6,234 6,982
Total savings book (R) 17,958,423 22,165,123 26,379,053
Performance Targets
1414
End user service loans
19,4
21
26,8
94
39,0
23
1,53
6
1,84
9
2,22
4
1,15
9
1,49
0
1,94
1
13,1
00
17,9
00
25,0
00
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
Micro Enterprise Housing Education New jobs created
2011/12
2012/13
2013/14
Performance Targets
1515
Measure2011/12 2012/13 2013/14
Number % Number % Number %
Funding support to FIs
On Lending 65,092,040 88,924,500 124,634,500
Capacity Building 35,049,560 38,110,500 41,544,250
FI Repayment rate 60% 65% 70%
Portfolio at risk 40% 35% 30%
FI Retention 65% 70% 75%
New FIs to be approved
MFIs 4 10 8
FSCs 32 31 37
Performance TargetsFunding Support to FIs
100,
2m
127,
0m
166,
1m
65,1
m
88,9
m
124,
6m
35,1
m
38,1
m
41,5
m
0
20000000
40000000
60000000
80000000
100000000
120000000
140000000
160000000
180000000
Total Transfers On - Lending Capacity Building
2011/12
2012/13
2013/14
Performance Targets
1717
Measure 2011/12 2012/13 2013/14
FIs to be funded
MFIs 17 17 21
FSCs 33 49 56
Outreach to new communities 54 64 66
Capacity Building
MFIs 13 10 18
FSCs 14 17 16
Financial reporting 12 12 12
Needs assessment for end user Capacity Building
60% Complete 80% Complete 100% Complete
Performance Targets
1818
Measure 2011/12 2012/13 2013/14
Capacity Building
Design products to meet end user capacity building requirements
100% Complete 100% Complete 100% Complete
Finance
Unqualified Audit ReportUnqualified Audit
ReportUnqualified Audit
ReportUnqualified Audit
Report
Payment of creditors within 30 days
30 days 30 days 30 days
Information Technology
Implementation of software to manage turnaround times
Software Implemented
Performance Targets
1919
Measure 2011/12 2012/13 2013/14
Marketing
Conduct client satisfaction survey- FIs 0 1 0
Conduct client satisfaction survey- End user 1 0 1
Printing of brochures in 11 official languages
Brochures printed Brochures printed Brochures printed
Profiling of samaf in the media 27 27 27
Budget
2020
2011/12 2012/13 2013/14
Expenditure 61 302 000 63 360 000 66 985 000
Administrative Expenses 20 835 000 21 567 000 22 592 000
Depreciation 1 514 000 1 706 000 1 738 000
Personnel Costs 33 987 000 36 027 000 38 189 000
Losses on Loans 4 966 000 4 060 000 4 466 000
Transfers to FIs 100 141 600 127 035 000 166 178 750
Grants 35 049 560 38 110 500 41 544 250
Loans 65 092 040 88 924 500 124 634 500
Challenges
Sustainability of Financial Intermediaries (FIs)
Capacity within samaf and the FIs
Provincial spatial demographics
Turnaround times
21
samaf Provincial Office Addresses
2222
GautengProvincial Manager: Ms Tsholofelo Molebaloa108 Cnr Rissik and Fox Street13th Floor Metropolitan BuildingJohannesburg,2001
Postal Address: PO Box 61008, Marshalltown, 2107 Tel: 011 838 5482Fax: 011 838 5486Email:
North WestProvincial Manager: VacantPhysical Address: Cnr University Drive and Provident Street Office no 229,2nd Floor, NWDC Building, Mmabatho , 2790
Postal Address: Private Bag X58Mmabatho2735Tel: 018 384 0766 Fax: 018 384 1963Email:
MpumalangaProvincial Manager: Mr Sabelo MambaPhysical Address: 30 Brown Street First Floor, Nedbank Centre, Nelspruit, 1200Postal Address: P O Box 3677Nelspruit1200Tel: 013 755 2696 Fax: 013 752 7461Email:
Eastern CapeProvincial Manager: VacantPhysical Address: 58 Terminus Street, 7th Floor, SA Eagle BuildingEast London, 5201Postal Address: P O Box 9071East London5200Tel: 043 743 5259 Fax: 043 743 5249
Free StateProvincial Manager: Mr Tefo LekutlePhysical Address: Cnr Maitland and West Burger StreetBloemfontein9301Postal Address: Private Bag 20806Bloemfontein9300Tel: 051 447 3510 Fax: 051 430 6470Email:
Northern CapeProvincial Manager (Acting): Mr. Jacob Gumbo Physical Address: Suite 2, Perm Building,Woodley StreetKimberley, 8301Postal Address: P O Box 1972Kimberley8300Tel: 053 832 5422 Email:
samaf Provincial and Head Office Addresses
2323
Western CapeProvincial Manager: Mr Mark AlardPhysical Address: 2 Long Street, 9th floor, FNB BuildingCape Town,8001
Postal Address: PO Box 7284, Roggebaai, Cape Town, 8012Tel: 021 425 6774 Fax: 021 425 6776Email:
KwaZulu- NatalProvincial Manager: Mr Thanda MadlalaPhysical Address: 127 Johannes Nkosi StreetSeda EthekwiniDurban,4001
Postal Address: PO Box 3983, Durban, 4000Tel: 031 309 5850 Fax: 031 309 5893Email:
LimpopoProvincial Manager: Mr Patrick MathomaPhysical Address: 22 Hans van Rensburg Street1st floor Suite no 2Bonitas BuildingPolokwane0699Postal Address: P O Box 2938Polokwane0700Tel: 015 291 5428 Fax: 015 291 5415Email:
Head Office Address
77 Meintjies Street, the dti group campus
3rd floor, block D (Kgwebong), Sunnyside, Pretoria, 0002
Postal Address: Private Bag x26, Sunnyside, 0132
Tel: 012 394 1479
Fax: 012 394 2479
Thank You
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