Overview: For personal consumer needs, we offer payroll loans to employed customers with which we have payroll agreements. These loans are flexible, do not require you to put up any collateral, granting you easy access to capital whenever you need it the most.
Payroll loans
A payroll loan is granted to formally employed people against their monthly company payslip. Affordability is calculated in accordance with strict criteria submitted to SDFF by the employer. This ensures sustainable lending practices and well above average collection percentages.
Debit order loan
This is normally a higher risk loan, therefor we ensure that the portfolio stays below 10% of the whole book. There is normally no price differentiation between debit order loans and payroll loans. Historically in Africa you don’t have well established credit bureaus, therefore it is challenging to establish an individual credit score. In order to mitigate risk these loans are normally short-term loans (1-12 months).
Non-Core Products
Overview: These are credit related products that does not form the core of our business strategy however selected opportunities with a low input cost, high yield returns and equity opportunity will be considered.
Debt factoring and purchase of loan/Debtors Books
These are normally distressed books with various characteristics. This could be anything from unsecured lending, retail books or asset finance books. Our target would not be the first two but rather focused on asset finance which normally has a higher LSM and prequalified client that at one stage had to qualify for the credit. The acquisition of such an asset will have to be made at the “correct price” and within given criteria.
High yield equity opportunities
Again this does not form part of our core strategy, however whenever a suitable opportunity presents itself SDFF will assess this according to set criteria and make an investment decision based on the following:
Serviceability.
Affordability.
The return must be at lease 15% on the loan and a minimum of 25% free carry equity or profit share.
Vision
To be known as a dominant Pan African credit provider based in Eswatini offering a wide range of financial services tailored to suit the market through the provision of equal and abundant economic opportunities for the people who can then contribute productively towards the overall development of the country.
Mission
Africa has always had an abundance of entrepreneurs, however access to capital has always been the main challenge. SDFF’s mission is to ensure that these entrepreneurs have access to adequate capital to realise their potential to become commercially viable, thereby fueling the African growth story.
Swaziland Debt Factoring Firm (Pty) Ltd has been licensed as a credit provider in the Kingdom of Eswatini and is authoirized to carry on the business of microlending. Licence No: CP/88/2015
