Small Enterprise Foundation

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Small Enterprise Foundation (SEF) is a microfinance institution operating primarily in the Limpopo province of South Africa; however, it also has branches in Eastern Cape, Mpumalanga, and Guateang. It was founded by John de Wit in 1992.

Microfinance is a category of financial services targeted at individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems. Microfinance services are designed to be more affordable to poor and socially marginalized customers and to help them become self-sufficient.

Limpopo The northernmost province of South Africa

Limpopo is the northernmost province of South Africa. It is named after the Limpopo River, which forms the province's western and northern borders. The name "Limpopo" has its etymological origin in the Northern Sotho language word diphororo tša meetse, meaning "strong gushing waterfalls". The capital is Polokwane.

South Africa Republic in the southernmost part of Africa

South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by 2,798 kilometres (1,739 mi) of coastline of Southern Africa stretching along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini (Swaziland); and it surrounds the enclaved country of Lesotho. South Africa is the largest country in Southern Africa and the 25th-largest country in the world by land area and, with over 57 million people, is the world's 24th-most populous nation. It is the southernmost country on the mainland of the Old World or the Eastern Hemisphere. About 80 percent of South Africans are of Sub-Saharan African ancestry, divided among a variety of ethnic groups speaking different African languages, nine of which have official status. The remaining population consists of Africa's largest communities of European (White), Asian (Indian), and multiracial (Coloured) ancestry.

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GiveWell review

Small Enterprise Foundation has been reviewed by charity evaluator GiveWell. In its review, GiveWell rated SEF as its top microfinance charity and commended SEF's "strong focus on collecting the information necessary to assess its social impact." GiveWell first review of SEF was in 2009, but the review was subsequently updated multiple times with the most recent update being in March 2012. [1]

GiveWell is an American non-profit charity assessment and effective altruism-focused organization. GiveWell focuses primarily on the cost-effectiveness of the organizations that it evaluates, rather than traditional metrics such as the percentage of the organization's budget that is spent on overhead.

In November 2011, GiveWell listed SEF as one of six standout organizations in its list of organizations recommended for donors, along with Nyaya Health, Pratham, GiveDirectly, Innovations for Poverty Action, and KIPP (Houston branch) but below the two top-rated organizations Against Malaria Foundation and Schistosomiasis Control Initiative. [2]

Pratham is one of the largest non-governmental organisations in India. It was co-founded by Madhav Chavan and Farida Lambay. It works towards the provision of quality education to the underprivileged children in India. Established in Mumbai in 1994 to provide pre-school education to children in slums, Pratham today has interventions spread across 23 states and union territories of India and has supporting chapters in the United States, UK, Germany, and Sweden.

GiveDirectly is a nonprofit organization operating in East Africa that helps families living in extreme poverty by making unconditional cash transfers to them via mobile phone. GiveDirectly transfers funds to people in Kenya, Uganda, and Rwanda.

Innovations for Poverty Action organization

Innovations for Poverty Action (IPA) is an American non-profit research and policy organization founded in 2002 by Yale economist Dean Karlan. Since its foundation, IPA has worked with over 400 leading academics to conducted over 600 evaluations in 51 countries. The organization also manages the Progress out of Poverty Index.

Funding

In August 2012, Good Ventures announced a grant of $50,000 (USD) to the Small Enterprise Foundation on the strength of charity evaluator GiveWell's recommendation. [3]

Good Ventures is a private foundation and philanthropic organization in San Francisco. It was co-founded by Cari Tuna, a former Wall Street Journal reporter, and her husband Dustin Moskovitz, one of the co-founders of Facebook. Unlike many other foundations that aim to maintain an endowment indefinitely or at least for a very long period of time, Good Ventures aims to spend most or all of its money before Moskovitz and Tuna die.

Related Research Articles

Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent.

The Hunger Project (THP) is an organization committed to the sustainable end of world hunger. It has ongoing programs in Africa, Asia and Latin America, where it implements programs aimed at mobilizing rural grassroots communities to achieve sustainable progress in health, education, nutrition and family income. THP is a 501(c)(3) non-profit charitable organization incorporated in the state of California.

Freedom from Hunger other organization in Davis, United States

Freedom from Hunger is an international development organization working in nineteen different countries. Freedom from Hunger is a nonprofit, nongovernmental, nonsectarian organization classified by the IRS as a 501(c)(3) charity.

Kiva (organization) micro-loan platform

Kiva Microfunds is a 501(c)(3) non-profit organization that allows people to lend money via the Internet to low-income entrepreneurs and students in over 80 countries. Kiva's mission is "to connect people through lending to alleviate poverty."

RSF Social Finance nonprofit organization in San Francisco, United States

RSF Social Finance, located in San Francisco, California, is one of very few orgs actively seeking to and investing towards, a transformation of how we view and use money.

Dustin Moskovitz American computer/Internet entrepreneur

Dustin Aaron Moskovitz is an American Internet entrepreneur who co-founded Facebook with Mark Zuckerberg, Eduardo Saverin, Andrew McCollum and Chris Hughes. In 2008, he left Facebook to co-found Asana with Justin Rosenstein. In March 2011, Forbes reported Moskovitz to be the youngest self-made billionaire in history, on the basis of his 2.34% share in Facebook.

Malaria Consortium organization

Malaria Consortium is an international non-profit organisation specialising in the comprehensive control of malaria and other communicable diseases – particularly those affecting children under five. Its headquarters are in the United Kingdom, with regional offices in Africa and Asia, and country offices in Cambodia, Ethiopia, Mozambique, Myanmar, Nigeria, South Sudan, Thailand, and Uganda. Malaria Consortium has until recently also worked in Ghana, Senegal, and Zambia.

Possible Health non-governmental organization for healthcare in Nepal based in New York City

PossibleHealth is a non-governmental organization (NGO) that delivers healthcare through public-private partnership agreements with the Government of Nepal. The organization currently manages healthcare in Achham, a district in the Far Western region of Nepal in partnership with the Nepali government's Ministry of Health and Population. Since 2008, Possible has treated over 275,000 patients in rural Nepal through a durable healthcare system of government hospitals, clinics, and community health workers.

The Mulago Foundation is a private foundation focused on high impact philanthropy: investing in charities and philanthropic opportunities that have the highest impact. The foundation was originally envisioned by Rainer Arnhold, a San Francisco pediatrician and philanthropist, who taught at Mulago Hospital, Uganda. The foundation was officially created by his brother Henry Arnhold after Rainer Arnhold's death in 1993.

Living Goods is a non-profit organization operating in Uganda, Kenya, and Myanmar. Its goal is to build a sustainable distribution platform for products designed to fight poverty and disease in the developing world. Living Goods operates networks of independent entrepreneurs who make a living by selling medicines and products to poor people that can help improve their health, wealth, and productivity. Living Goods borrows from successful direct selling models like Avon Products, Amway and Tupperware. The project aims to be fully self-funded at scale.

The Peery Foundation is a private foundation based in Palo Alto, California, US, that focuses on high impact philanthropy. According to its website, it "primarily invests in early to mid-stage social entrepreneurs who are effectively addressing the issues of poverty." It funds local organizations in the Bay Area as well as organizations working to combat poverty and its ill-effects worldwide.

Unconditional cash transfer (UCT) programs aim to reduce poverty by providing welfare programs without any conditions upon the receivers' actions. This differentiates them from conditional cash transfers where the government only transfers the money to persons who meet certain criteria. Unconditional cash transfers have developed on the premise that giving cash to citizens allows them to have autonomy over their own lives.

The Deworm the World Initiative is a program led by the nonprofit Evidence Action that works to support governments in developing school-based deworming programs in Kenya, India, Ethiopia, and Vietnam.

Development Media International (DMI) is an non-governmental organization with both non-profit and for-profit arms that "use[s] scientific modelling combined with mass media campaigns in order to save the greatest number of lives in the most cost-effective way".

The Humane League

The Humane League (THL) is a nonprofit organization that works to reduce the suffering of farm animals through online advertising, Meatless Monday campaigns, and corporate outreach. It creates reports through the Humane League Labs, which evaluates advocacy presentation and methods and publishes them as reports. One of these reports includes a study showing how distributing leaflets at colleges affects diet change. It was founded in 2005 in Philadelphia.

The Albert Schweitzer Foundation for Our Contemporaries (ASF) is an animal protection organization focused on reducing the suffering of farmed animals. Its activities include campaigns to change corporate animal welfare policies and spreading information about vegetarianism and veganism.

References

  1. "Small Enterprise Foundation (SEF) | GiveWell". GiveWell. Retrieved 2017-09-13.
  2. GiveWell's top rated charities, GiveWell website.
  3. "Grants to "standout" charities". Good Ventures. 2012-08-06.