FOCUS
TARGET
Believing that people are left in poverty not because they are lazy but that they have no access to working capital, CEDEF exist to support the holistic development of the businesses of the economically active-poor, marginalised or excluded groups, (especially women and youth entrepreneurs) who are committed to building sustainable livelihoods for themselves and their families.
The Company’s focus is on agricultural food production and marketing, trading, dressmaking and tailoring, hairdressing and barbering, carpentry and pottery. CEDEF’s purpose is to make fair credits available to the economically active-poor groups, (in some cases individual entrepreneurs) in both the urban poor and rural areas in the company’s operational areas. Promotion of women operated micro enterprises is of key importance.
RELATIONSHIP
LOANS
Eighty per cent, (80%) of CEDEF Loan funds would be allocated to the poor but active entrepreneurs who have organised themselves into groups. The remaining twenty percent (20%) of the funds could be allocated to Individual clients who might not necessary fall within the scope as defined as poor but will need the CEDEF facility in order to help the poor. Such loans may create job or training opportunities for the poor or may provide them with marketing opportunities.
The relationship between CEDEF and the client(s) is termed as Creditor/Debtor relationship.
It is therefore necessary that the potential group should:
• Have Legal status.
• Have Bye-laws
• Officers
• Have Active Bank Account.
• Be willing to contribute, at least, 20% of the amount needed to finance the project.
The Client is the most important person for the existence of CEDEF. The clients of CEDEF include:
- The economically active-poor and marginalized groups.
- Persons who are considered to be poor and are committed to work to change or improve their situation.
- Persons who are willing to use loans to generate income to improve their living conditions, their group and/or community.
- Persons who are able to use loans to improve their situation and are able to repay the principal, interest and other charges within the period allowed by the programme.
- Persons who are not able to access loans from the formal banks due to lack of collateral or guarantee, or they are seen as a “credit risk” by the banks due to poverty.
- Small and Medium scale Entrepreneurs.
Eighty per cent, (80%) of CEDEF Loan funds would be allocated to the poor but active entrepreneurs who have organised themselves into groups. The remaining twenty percent (20%) of the funds could be allocated to Individual clients who might not necessary fall within the scope as defined as poor but will need the CEDEF facility in order to help the poor. Such loans may create job or training opportunities for the poor or may provide them with marketing opportunities.
The relationship between CEDEF and the client(s) is termed as
Creditor/Debtor relationship. It is therefore necessary that the potential group should:
• Have Legal status.
• Have Bye-laws
• Officers
• Have Active Bank Account.
• Be willing to contribute, at least, 20% of the amount needed to finance the project.
OUR SERVICES
CEDEF
Cavalry Enterprise development Foundation