Vision

NeoFin believes in the strengths and talents of people

The NeoFin Foundation’s vision is to help millions of people help themselves out of poverty by giving them access to small loans (micro credit) so they can start their own small self-sustainable businesses.

Basic Rights, Basic Needs, Basic Finance, Basic Health, Basic Housing, Basic Education and Basic Well being are NeoFin’s vision. NeoFin believes in the strengths and talents of all people, irrespective of their background, political convictions, skin colour or religion.

As the world faced the most significant economic uncertainty of our times in 2008 and 2009, organisations began evaluating how they operated, and how they could better serve the needs of the poor. Despite the uncertain 2013 and 2014 global financial indications, NeoFin is preparing for growth. NeoFin recognises the importance of having a vision, being responsive, and it understands the needs of its partners and clients. By taking this approach, NeoFin is able to meet today’s needs, and be well prepared for tomorrow.

MISSION

To provide thousands of qualified marginalised entrepreneurial individuals / families with access to financing

NeoFin’s objective is to raise the sustainable quality of life of disadvantaged people in the third world by selecting and supporting qualified local organisations that share this same objective. NeoFin is committed to applying state-of-the-art investment, management and control processes to ensure that the funds entrusted to it will be allocated with maximum positive impact and transparency.

NeoFin’s strategic missions…

Its unique combination of established micro finance expertise with corporate finance and private equity expertise enables it to identify, select and invest in promising SMEs, MFIs, Cooperatives and Rural Banks. Further to this, NeoFin assists them to adopt “best practice” credit methodologies and operating procedures... thereby helping them grow and prosper. This leads to improving the quality and availability of information about institutional financial performance.
  • Developing and strengthening a wide range of institutions, both financial and non-financial that deliver financial services to potential small entrepreneurs.
  • To contribute in alleviating poverty.
  • Reaching potential small entrepreneurs that have no access to commercial banks, and endeavouring to offer a positive impact on their lives.
  • Enabling access to financial services that empowers the potential small entrepreneurs, reduces their vulnerability, and offers them opportunities to improve their lives.

Approach

Venture Philanthropy is an approach to philanthropic loans that apply venture capital principles such as:
  • Thorough due diligence
  • Setting of clear objectives
  • Tailored impact financing
  • Close monitoring of social impact
  • Hands-on support

NeoFin makes use of grants, donations, investments, and loans-lending with the explicit objective of working in accordance with free market principles.

VALUES

Improve entrepreneurial poor people’s quality of life

The overarching objective of NeoFin is to help alleviate poverty and improve the quality of life for the asset less, landless entrepreneurial rural poor by providing them with access to local financial services.

NeoFin is a qualified institution providing responsive wholesale financial and business development services to the socio-economically empowered SMEs, MFIs-Micro Financial Institutions, Cooperatives and Rural Banks that serve low-income sectors in the third world.