Lessons learnt from Nkwe Enterprise Finance

Robert Christen and Douglas Pearce

Development Southern Africa, 2004, vol. 21, issue 5, 815-830

Abstract: Nkwe Enterprise Finance, a financial service to fund microenterprises in the North West province, suspended its operations after just over two years of lending. This happened against the background of three significant events. First, a new apex for pro-poor microfinance was designed, which resulted in the need to reconsider the nature of Khula's ongoing role as wholesaler to microfinance institutions. Second, the Financial Services Charter was signed in October 2003, in which banks committed to targets for so-called empowerment lending, including black small and medium enterprises. Third, a large number of microfinance initiatives continued to fail to reach sustainability and scale. This article investigates the reasons for the suspension of Nkwe's activities and draws conclusions on the lessons that should be learnt for the future development of microenterprise funding in South Africa.

Date: 2004
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/0376835042000325688 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:deveza:v:21:y:2004:i:5:p:815-830

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CDSA20

DOI: 10.1080/0376835042000325688

Access Statistics for this article

Development Southern Africa is currently edited by Marie Kirsten

More articles in Development Southern Africa from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().