May 3 – John De Wit of Small Enterprise Foundation

The Small Enterprise Foundation (SEF) is a not-for-profit, pro-poor microfinance institution which began operations in 1992. The goal of SEF is to work towards the elimination of poverty and unemployment in a sustainable manner by providing credit for self-employment, combined with savings mobilization and a methodology that substantially increases the poor’s chances of successful self-employment. Since inception the organization has disbursed 412,820 loans to the value of R532 million. SEF’s recovery performance has been exceptional with bad debts as of December 2007 standing at 0.2%. SEF has gained considerable international recognition for its poverty-targeting methodology and its success in reaching and ensuring positive impact on the very poor.

John De Wit (The Small Enterprise Foundation) from UCSD EPTEAM on Vimeo.