Browsing by Author "Dzingwe, Peleka Pathekile"

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    An assessment of socio-economic impact of microfinance on small micro enterprises {SMEs) at the District of Alfred Nzo Municipality in the Eastern Cape
    (University of Fort Hare, 2010) Dzingwe, Peleka Pathekile
    Microfinance is not a new phenomenon. Its origin can be traced back to 1976, when Muhammad Yunus set up the Grameen Bank, as experiment, on the outskirts of Chittago University campus in the village of Jobra in Bangladesh. Since then several countries with South Africa inclusive came up and piloted microfinance strategies like Khula and SAMAF in an attempt to reach the poorest of the poor. South African Khula and SAMAF microfinance strategies are distinct replica of Grameen Bank in terms of their methodology and are microfinance wholesalers. The adopted strategies are the agencies of the Department of Trade and Industry who then sell their services to microfinance institutions that are mostly serving SMEs situated in rural areas.