The month of September was the six-month anniversary of the official launch of Hermanus Siyakha which took place on 20 March at the Youth Café in Zwelihle.
The past six months have been a very exciting and rewarding time, thanks largely to the enthusiastic commitment of the volunteers within the organisation who keep the operation running smoothly, and also the generosity of the people of Hermanus who have provided the funds necessary for us to grant the interest-free loans to identified micro business owners.
Since commencing operations, Hermanus Siyakha has managed to provide interest-free loans to 20 micro enterprises to the value of R144 600. In addition, two non-repayable grants have been provided, valued at R11 000.
September was a particularly good month for Hermanus Siyakha, positively reflecting the increased marketing/media activity (two adverts in The Village NEWS, two articles published in The Village NEWS and a radio interview on Whale Coast FM). In the month of September alone, Hermanus Siyakha provided interest-free loans to six micro enterprises to the value of R43 100, as well as a grant to the value of R3 000. Another highlight last month was the number of daily visits to our website. Up until the end of August our daily average was 27 and in the month of September our daily average increased to 52 visits per day.
Our mentor group continues to do a sterling job with the loan recipients they are mentoring and, despite the considerable challenge presented by the winter months (i.e. very slow business), we have achieved a loan repayment record of 83% over the period.
The immediate challenge we have for October is finding quality micro entrepreneurs to advertise on our website for crowdfunding and our field operatives and associates are working hard to rectify this situation as quickly as possible.