Microfinance loans in south africa

 

microfinance loans in south africa

For mothers like Lea (pictured), poverty is a reality they know all too well. In developing countries, poverty can affect every aspect of a family’s life: mealtimes – struggling to find enough to eat; school days – not being able to give your children an education; bedtime – getting sick from sleeping on the cold floor because there’s no proper bed to sleep in.

By providing small loans  to families through Opportunity International Australia, you can help them leave poverty behind.

With a loan as small as $70 to buy a sewing machine or seeds to plant a vegetable farm, families are able to start their own business and transform their lives, their children’s futures and their communities.

Microfinance loans in south africa

Rafiki Microfinance Bank Headquarters
Head office Biashara Street
P.O. Box 12755-00400
Telephone: 0711 073 000
Mobile:0730 170 000,

Letter of Credit
A letter of credit is a conditional guarantee of payment issued by Rafiki Microfinance Bank to facilitate your cross-border transactions. These letters provide reassurance to your suppliers that they will receive payment for good exported to your company.

Ken Obimbo

Managing Director Mr. Obimbo is the Managing Director, Rafiki Microfinance Bank. He previously held leading roles in Banking, transport and manufacturing sector. Ken has also worked in various senior capacities at Price Waterhouse Coopers.
He is a qualified CPA, holds a Bachelor of Science in Statistics from the University of Nairobi and an MBA in Strategic Management from the United States International University.

For mothers like Lea (pictured), poverty is a reality they know all too well. In developing countries, poverty can affect every aspect of a family’s life: mealtimes – struggling to find enough to eat; school days – not being able to give your children an education; bedtime – getting sick from sleeping on the cold floor because there’s no proper bed to sleep in.

By providing small loans  to families through Opportunity International Australia, you can help them leave poverty behind.

With a loan as small as $70 to buy a sewing machine or seeds to plant a vegetable farm, families are able to start their own business and transform their lives, their children’s futures and their communities.

Following the end of the colonial period in Africa, a growing desire for more unity within the continent led to the establishment of two draft charters, one for the establishment of the Organisation of African Unity (established in 1963, later replaced by the African Union ), and for a regional development bank.

A draft accord was submitted to top African officials, then to African Ministers, before being cosigned by twenty-three African governments on August 4, 1963, in the form of an agreement establishing the African Development Bank. The agreement came into force on 10 September 1964. Although established officially in under the auspices of the Economic Commission for Africa, the AfDB began operation in 1966.

Although originally only African countries were able to join the bank, since 1982 it has allowed the entry of non-African countries as well.

Use the table below to identify which loan meets your needs, then click on ‘find out more’ for application details and to find your local provider.

We also operate Remote Service Delivery (NILS) loans. Please visit Services to learn more about each microfinance services that we offer.

*Comparison rates are based on a loan of $2,500 over a term of 2 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms and Conditions Apply. Approved purposes only (no cash loans) NAB is the product issuer and is subject to NAB’s credit assessment ©2014 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686