100% of the royalties from The Wealth Chef Book are donated to The Small Enterprise Foundation.
The Small Enterprise Foundation (SEF) is a not-for-profit, pro-poor micro-finance institution, in South Africa. SEF helps South Africa’s poorest communities, through women, to improve their lives and escape poverty by helping to provide access to appropriate financial services (such as small loans and savings accounts), new ways to generate income, and important information about their health, crops,
income generating opportunities and finances.
The SEF’s mission – to give people the means to build their way out of poverty—resonates because it touches on a simple truth: Each of us has the power to change the world, and each of us has a responsibility to try.
I know and believe in this truth and I believe you do too. So do the SEF’s 95 000 borrowers, scattered across rural villages in South Africa. The SEF makes tiny loans to the poorest women in the country, giving them the opportunity to start or grow their own businesses without resorting to predatory loan sharks. They also provide basic money management and financial literacy education and require their
borrowers to save, ensuring that the business is sustainable and that the relationship with money is healthy. Women make up 100% percent of the SEF’s borrowers and, despite 95% of the borrowers being illiterate and innumerate, have proven to have a unique ability to lead their families out of poverty.
These women were turned away from traditional banks and told that they were too poor. With the SEF, they can stand up for their own interests.
Here are just two stories as examples of the amazing work being done.