MICRO FINANCE IN AFRICA

Henri
Tejas
Clementine
Ella
Pierre
Eleonore
Paul
Haoying
COUNTRIES IN FOCUS
• South Africa
• Nigeria
• Senegal
COMPARSION OF COUNTRIES
COMPARIONS
Class Group A Group B • First bullet point here
Class 1 82 95 • Second bullet point here
Class 2 76 88 • Third bullet point here
Class 3 84 90
TWO CONTENT LAYOUT
WITH SMARTART
• First bullet point here
• Second bullet point here Group • Task 1
• Third bullet point here A • Task 2

Group • Task 1
B • Task 2

Group • Task 1
C • Task 2
SOUTH AFRICA • A brief overview of financial sector in South Africa :

1) South African reserve bank and country’s “big five”

banks – Absa, FNB, Standard Bank, Nedbank and
newcomer Capitec – dominate the retail market.

2) Non banking sector is overseen by “ Financial services

board”. ( regulations for fund managers, brokers,
insurers etc )

3) National credit regulator is responsible for credit

industry ( focusing on accessibility of credit market to
the economically marginalized )

• https://www.brandsouthafrica.com/governance/south-
africas-financial-sector
 PROBLEMS
1) High unemployment in local African
community
2) Micro-credit industries didn’t create large
number of jobs nor raised income levels
3) Dramatic fall in the average income in
informal economy during (1997-2003)
4) Large availability of micro credit insitutitions
leading to softening of prices
5) White elite lenders became richer thus
plunging native africans into misery

https://mg.co.za/article/2015-12-29-
microcredit-a-principle-cause-of-poverty-in-sa
CURRENT SCENARIO
1) Govt plans to use this avenue to alleviate poverty
2) Microfinance industry in South Africa is estimated
to be R50 billion
3) Spriral debt of poor due to high cost of credit
4) Private equities imbalance the notion of
allieviateing the poor

http://www.mondaq.com/southafrica/x/274240/Micr
ofinance+And+Poverty+Alleviation+In+South+Africa
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