The South African Micro-Finance Apex Fund (samaf) is a wholesale funding institution formally established in April 2006. It is a trading entity and is governed by the Public Finance Management Act (PFMA) of 1999.
samaf is tasked to facilitate the provision of affordable access to finance by micro small and survivalist business for the purpose of growing their own income and asset base. The primary purpose of samaf is to reduce poverty and unemployment and also to extend financial services to reach deeper and broader into the rural and peri-urban areas. Further to this, samaf wants to build a network of self-sufficient and sustainable micro-finance institutions.
Upcoming Events
Event: samaf talking to the people
Date: 30 July 2009
Province: Mpumalanga
Venue: Kwaggafontein Community Hall
For more information people can call (013) 755 26 96
Success Stories
Thobeka Factory
Thobekani factory services is located in the Phumza village in Kwa-Machi next to the town of Harding. They started their business in 1996. Their main business activity is sewing aprons for the nearby factories.
We provide competitive microfinance services through financial intermediaries by going deeper and broader to the target market.
