MFRC PRESENTATION SOLITAIRE HOUSING FINANCE YOUR HOME LOAN COMPANY

1
MFRC PRESENTATIONSOLITAIRE HOUSING FINANCEYOUR
HOME LOAN COMPANY

• 05 AUGUST 2002
• PORT ELIZABETH
• BY MANDISA SOLANI

2
INTRODUCTION

• PROFILE
• Solitaire Housing Finance (PTY) LTD
• FUNDING
• Rural Housing Loan
• Fund

3
REGISTRATION

• Micro Finance Regulatory Council
• National Loans Register

4
ROLE OF SOLITAIRE HOUSING FINANCE

• PROVIDE FINANCE TO MIDDLE LOW
• INCOME EARNERS FOR
• Development Building of Houses
• Incremental Housing Consolidation, Maintenance
  Improvement
• Incremental Extension for Residential Purposes
• Incremental Expansion for Commercial Purposes

5
MODUS OPERANDIBusiness Processes

• CREDIT CONTROL
• METHOD OF PAYMENT
• DEFAULTS BAD DEBTS
• STRATEGIC ALLIANCES

6
CHALLENGES

• CREDIT CONTROL
• Access to Commercial Bank System
• Co-operation with Commercial Banks
• High Risk
• Litigation
• Reputation of Micro Lenders in South Africa
• CREATIVTY INNOVATION
• CUSTOMER SATISFACTION IN THE MOST COST EFFECTIVE
  WAY
• GIVING THE BEST OF OUR ABILITY AND MORE
• PROVIDING A HOLISTIC SOLUTION TO OUR CUSTOMERS
• BE BETTER, FASTER, UNIQUE AND A SHOULDER ABOVE
  COMPETITORS

7
TROPHIES

• Contribution to Social Development
• Financing where eagles dare
• Building Long Term Relationships

8
CONCLUSION

• THERE ARE MAJOR CHALLENGES FOR THE MICROLENDING
  INDUSTRY IN SA
• LESSONS LEARNT
• AGGRESSIVE MARKETING THE KEY
• -Taking your product to the community
• PROMPT ACTION ON DEFAULTERS
• TRAINING DEVELOPMENT OF STAFF AS WELL AS
  BROKERS SALES AGENTS

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CONCLUSION Cont

• WAY FORWARD
• CO OPERATION AMONG PLAYERS IN THE INDUSTRY
• GOVERNMENT INTERVENTION ON COMMERCIAL BANKS
• PUBLIC RELATION DEVELOPMEBNT OF TRUST